Materialise (NASDAQ:MTLS) Hits New 52-Week High – Here’s Why

Materialise NV (NASDAQ:MTLS) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $8.56 and last traded at $8.55, with a volume of 130028 shares traded. The stock had previously closed at $8.46.

Analyst Upgrades and Downgrades

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

Materialise Price Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.65 and a current ratio of 1.81. The company has a market capitalization of $504.96 million, a PE ratio of 45.00 and a beta of 1.20. The company’s 50-day simple moving average is $7.62 and its 200-day simple moving average is $6.30.

Hedge Funds Weigh In On Materialise

A number of hedge funds and other institutional investors have recently made changes to their positions in MTLS. Inspire Investing LLC acquired a new stake in Materialise during the 4th quarter worth approximately $756,000. Rock Point Advisors LLC raised its stake in shares of Materialise by 15.9% during the third quarter. Rock Point Advisors LLC now owns 777,465 shares of the software maker’s stock worth $4,261,000 after purchasing an additional 106,564 shares during the last quarter. KBC Group NV lifted its holdings in shares of Materialise by 18.8% during the fourth quarter. KBC Group NV now owns 408,584 shares of the software maker’s stock worth $2,876,000 after purchasing an additional 64,744 shares during the period. JPMorgan Chase & Co. grew its position in Materialise by 1,589.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,238 shares of the software maker’s stock valued at $226,000 after buying an additional 38,797 shares during the last quarter. Finally, Retireful LLC acquired a new position in Materialise in the 4th quarter valued at $161,000. Hedge funds and other institutional investors own 19.30% of the company’s stock.

About Materialise

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.