Materialise NV (NASDAQ:MTLS) shares were down 13.5% during trading on Tuesday . The company traded as low as $42.22 and last traded at $50.25. Approximately 864,091 shares were traded during mid-day trading, an increase of 98% from the average daily volume of 436,960 shares. The stock had previously closed at $58.10.
A number of analysts have commented on MTLS shares. Piper Sandler restated a “neutral” rating and issued a $38.00 price target on shares of Materialise in a research report on Friday, October 30th. Zacks Investment Research cut Materialise from a “hold” rating to a “sell” rating in a research report on Thursday, February 18th.
The company has a debt-to-equity ratio of 0.71, a current ratio of 2.07 and a quick ratio of 1.94. The firm has a 50-day moving average of $69.13 and a 200-day moving average of $47.92. The stock has a market cap of $2.63 billion, a PE ratio of -628.13 and a beta of 0.94.
Materialise Company Profile (NASDAQ:MTLS)
Materialise NV provides additive manufacturing and medical software, and 3D printing services in Europe, the Americas, Europe and Africa, and the Asia-Pacific. The company's Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.
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