Materialise (NASDAQ:MTLS) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Materialise NV (NASDAQ:MTLS) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $5.52 and traded as low as $5.18. Materialise shares last traded at $5.21, with a volume of 60,331 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MTLS shares. Cantor Fitzgerald set a $10.00 price objective on Materialise and gave the company an “overweight” rating in a report on Friday, February 20th. Zacks Research cut Materialise from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Materialise in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $10.00.

Materialise Stock Up 2.8%

The company has a quick ratio of 2.27, a current ratio of 2.43 and a debt-to-equity ratio of 0.19. The firm’s fifty day moving average is $5.51 and its 200 day moving average is $5.64.

Materialise (NASDAQ:MTLS) last announced its earnings results on Thursday, February 19th. The software maker reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.06. Materialise had a net margin of 2.96% and a return on equity of 3.23%. The business had revenue of $82.32 million for the quarter, compared to analyst estimates of $70.73 million. Equities research analysts expect that Materialise NV will post 0.3 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in Materialise during the 1st quarter worth $75,000. Envestnet Asset Management Inc. boosted its position in Materialise by 7.4% during the second quarter. Envestnet Asset Management Inc. now owns 149,783 shares of the software maker’s stock worth $846,000 after acquiring an additional 10,374 shares during the last quarter. Candriam S.C.A. acquired a new position in Materialise during the second quarter worth about $57,000. Arrowstreet Capital Limited Partnership grew its stake in Materialise by 15.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 467,276 shares of the software maker’s stock valued at $2,640,000 after acquiring an additional 61,465 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in Materialise in the 2nd quarter valued at about $150,000. Hedge funds and other institutional investors own 19.30% of the company’s stock.

About Materialise

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.