Stratasys (NASDAQ:SSYS) Sets New 1-Year Low – What’s Next?

Stratasys, Ltd. (NASDAQ:SSYS)’s share price reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $6.52 and last traded at $6.4520, with a volume of 60,596 shares trading hands. The stock had previously closed at $6.82.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Zacks Research cut shares of Stratasys from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Stratasys in a report on Tuesday, August 18th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.33.

Stratasys Trading Up 5.1%

The business has a 50 day moving average of $7.58 and a 200-day moving average of $8.60. The firm has a market capitalization of $565.47 million, a P/E ratio of -4.79 and a beta of 1.83.

Stratasys (NASDAQ:SSYS) last announced its earnings results on Wednesday, July 1st. The technology company reported $0.03 earnings per share for the quarter. The firm had revenue of $137.61 million during the quarter. Stratasys had a negative net margin of 21.05% and a negative return on equity of 1.77%. On average, analysts anticipate that Stratasys, Ltd. will post -0.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Stratasys

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ACT Capital Partners L.P. acquired a new position in Stratasys during the third quarter valued at approximately $83,000. Alps Advisors Inc. raised its stake in shares of Stratasys by 4.1% during the 3rd quarter. Alps Advisors Inc. now owns 94,116 shares of the technology company’s stock worth $782,000 after purchasing an additional 3,692 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of Stratasys in the 3rd quarter valued at approximately $941,000. Kopion Asset Management LLC boosted its holdings in shares of Stratasys by 11.0% in the 3rd quarter. Kopion Asset Management LLC now owns 1,052,341 shares of the technology company’s stock valued at $8,745,000 after buying an additional 104,371 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Stratasys by 860.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,565 shares of the technology company’s stock valued at $30,000 after buying an additional 3,194 shares during the last quarter. 75.77% of the stock is currently owned by institutional investors and hedge funds.

Stratasys Company Profile

Stratasys Ltd. (NASDAQ: SSYS) is an additive manufacturing company that develops and supplies 3D printing systems, materials, software and related services. Its technologies are designed for prototyping, tooling and production applications across a range of industries.

The company’s portfolio includes polymer-based 3D printing platforms using technologies such as Fused Deposition Modeling, PolyJet and stereolithography. Stratasys also provides proprietary printing materials, workflow and design software, technical support, and manufacturing services.