Materialise (NASDAQ:MTLS) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Materialise NV (NASDAQ:MTLS) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $6.71 and traded as high as $6.74. Materialise shares last traded at $6.70, with a volume of 86,161 shares traded.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Materialise from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.00.

Materialise Price Performance

The business’s 50-day moving average price is $6.72 and its 200 day moving average price is $5.86. The company has a market capitalization of $398.72 million, a P/E ratio of 33.75 and a beta of 1.34. The company has a quick ratio of 2.24, a current ratio of 2.42 and a debt-to-equity ratio of 0.18.

Materialise (NASDAQ:MTLS) last posted its earnings results on Tuesday, March 31st. The software maker reported $0.03 earnings per share (EPS) for the quarter. Materialise had a net margin of 3.77% and a return on equity of 4.05%. The business had revenue of $76.72 million for the quarter. Analysts anticipate that Materialise NV will post 0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Materialise

Institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. increased its position in Materialise by 116.8% during the 4th quarter. Pacer Advisors Inc. now owns 4,726 shares of the software maker’s stock valued at $26,000 after buying an additional 2,546 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its position in Materialise by 209.4% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 13,092 shares of the software maker’s stock valued at $73,000 after purchasing an additional 8,861 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Materialise during the 4th quarter valued at about $56,000. Osaic Holdings Inc. increased its stake in Materialise by 1,453.3% during the 2nd quarter. Osaic Holdings Inc. now owns 11,650 shares of the software maker’s stock valued at $66,000 after purchasing an additional 10,900 shares in the last quarter. Finally, Granite Investment Partners LLC purchased a new position in Materialise in the first quarter worth about $58,000. Institutional investors own 19.30% of the company’s stock.

Materialise Company Profile

Materialise NV is a Belgium-based company specializing in 3D printing software and additive manufacturing services. Through its dual focus on software and printing, the company addresses a wide range of industries, including automotive, aerospace, consumer goods, and healthcare. Materialise’s offerings span from design and simulation tools to end-to-end production, delivering both standardized and highly customized parts across polymer and metal platforms.

On the software side, Materialise develops a suite of proprietary applications—such as Magics for data preparation, Mimics for medical image processing and patient-specific modeling, and Streamics for production workflow management.