Stratasys (NASDAQ:SSYS) Stock Crosses Above 200-Day Moving Average – Here’s Why

Stratasys, Ltd. (NASDAQ:SSYS) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.28 and traded as high as $10.95. Stratasys shares last traded at $10.45, with a volume of 505,916 shares changing hands.

Analyst Ratings Changes

Several research firms recently commented on SSYS. UBS Group restated an “overweight” rating on shares of Stratasys in a research report on Friday, November 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Stratasys in a report on Thursday, January 22nd. Needham & Company LLC lowered their target price on shares of Stratasys from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Finally, Cantor Fitzgerald lifted their target price on shares of Stratasys from $13.00 to $13.50 and gave the company an “overweight” rating in a research report on Friday, November 14th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.75.

Stratasys Trading Down 2.9%

The company has a market capitalization of $889.19 million, a PE ratio of -6.45 and a beta of 1.65. The stock has a fifty day moving average of $10.27 and a two-hundred day moving average of $10.28. The company has a current ratio of 3.65, a quick ratio of 2.69 and a debt-to-equity ratio of 0.03.

Institutional Trading of Stratasys

Several institutional investors have recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. bought a new stake in shares of Stratasys in the 4th quarter valued at about $25,000. Global Retirement Partners LLC purchased a new stake in shares of Stratasys during the fourth quarter valued at approximately $26,000. Advisory Services Network LLC bought a new position in shares of Stratasys in the third quarter worth approximately $34,000. Raymond James Financial Inc. bought a new stake in Stratasys during the 2nd quarter valued at $35,000. Finally, State of Alaska Department of Revenue purchased a new stake in Stratasys during the 3rd quarter valued at $45,000. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

About Stratasys

Stratasys, Inc is a global leader in additive manufacturing and 3D printing solutions, offering a comprehensive portfolio of technologies and materials for rapid prototyping and production. Founded in 1989 by Scott and Lisa Crump, the company pioneered fused deposition modeling (FDM) and has since expanded its capabilities to include PolyJet, stereolithography and metal deposition systems. Stratasys serves a broad array of customers, from small design studios to major industrial manufacturers, enabling accelerated product development and on-demand part production.

The company’s product line encompasses both desktop and industrial-grade 3D printers, dedicated support materials and proprietary software designed to streamline the digital manufacturing workflow.