Materialise (NASDAQ:MTLS) Sets New 52-Week High – What’s Next?

Materialise NV (NASDAQ:MTLS) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $8.93 and last traded at $8.92, with a volume of 133418 shares trading hands. The stock had previously closed at $8.58.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Materialise from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 13th.

Materialise Trading Up 3.2 %

The company has a 50-day moving average price of $7.74 and a 200 day moving average price of $6.41. The company has a current ratio of 1.81, a quick ratio of 1.65 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $522.89 million, a P/E ratio of 46.59 and a beta of 1.22.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MTLS. Barclays PLC lifted its holdings in shares of Materialise by 45.3% in the 3rd quarter. Barclays PLC now owns 7,933 shares of the software maker’s stock valued at $43,000 after buying an additional 2,473 shares during the period. GAMMA Investing LLC increased its holdings in shares of Materialise by 73.3% during the 4th quarter. GAMMA Investing LLC now owns 9,165 shares of the software maker’s stock valued at $65,000 after purchasing an additional 3,875 shares in the last quarter. Truist Financial Corp acquired a new position in shares of Materialise in the 4th quarter valued at $79,000. Quintet Private Bank Europe S.A. grew its position in Materialise by 51.4% during the third quarter. Quintet Private Bank Europe S.A. now owns 21,965 shares of the software maker’s stock valued at $120,000 after buying an additional 7,459 shares during the period. Finally, Ballentine Partners LLC purchased a new position in Materialise in the third quarter valued at $124,000. 19.30% of the stock is owned by institutional investors and hedge funds.

Materialise Company Profile

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.