Materialise (MTLS) Lowered to Strong Sell at Zacks Investment Research

Zacks Investment Research cut shares of Materialise (NASDAQ:MTLS) from a hold rating to a strong sell rating in a research report report published on Wednesday morning.

According to Zacks, “Materialise NV is a provider of Additive Manufacturing (AM) software solutions and sophisticated 3D printing services in a wide variety of industries, including healthcare, automotive, aerospace, art and design and consumer products. The Company specializes in preparation of 3D prototypes for manufactures, software development, biomedical research, and online services. It is also engaged in the development of solutions for orthopedics, biomedical software and engineering, and printing of cardiovascular models. Materialise NV is headquartered in Leuven, Belgium. “

MTLS has been the topic of several other research reports. Credit Suisse Group boosted their target price on Materialise from $13.00 to $14.00 and gave the company an outperform rating in a research note on Friday, August 11th. KeyCorp restated a buy rating and issued a $18.00 target price on shares of Materialise in a research note on Friday, November 10th. Finally, Piper Jaffray Companies restated a buy rating and issued a $20.00 target price on shares of Materialise in a research note on Friday, October 13th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $15.40.

Materialise (NASDAQ:MTLS) traded down $1.13 during midday trading on Wednesday, reaching $14.11. The company’s stock had a trading volume of 60,000 shares, compared to its average volume of 61,451. The company has a current ratio of 1.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.61. Materialise has a 12-month low of $7.25 and a 12-month high of $16.50.

Several large investors have recently bought and sold shares of MTLS. First Mercantile Trust Co. acquired a new position in shares of Materialise during the 2nd quarter worth approximately $106,000. First Manhattan Co. acquired a new position in shares of Materialise during the 2nd quarter worth approximately $111,000. Symmetry Peak Management LLC acquired a new position in shares of Materialise during the 2nd quarter worth approximately $119,000. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Materialise during the 2nd quarter worth approximately $223,000. Finally, Private Advisor Group LLC increased its position in shares of Materialise by 5.5% during the 2nd quarter. Private Advisor Group LLC now owns 18,702 shares of the software maker’s stock worth $237,000 after purchasing an additional 980 shares during the last quarter. 11.97% of the stock is currently owned by hedge funds and other institutional investors.

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About Materialise

Materialise NV is a Belgium-based company engaged in the software industry. The Company is a provider of additive manufacturing software and of three dimensional (3D) printing services. Materialise NV incorporates of 3D printing experience into a range of software solution and 3D printing services, through which the Company seeks to form the backbone of the 3D printing industry.

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