Materialise (NASDAQ:MTLS) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday.

Other analysts have also recently issued reports about the company. Zacks Investment Research cut Materialise from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. KeyCorp reaffirmed a “buy” rating and set a $18.00 price objective on shares of Materialise in a report on Friday, November 10th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $20.00 price objective on shares of Materialise in a report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Materialise presently has an average rating of “Hold” and a consensus price target of $15.40.

Shares of Materialise (NASDAQ MTLS) opened at $12.39 on Thursday. The company has a quick ratio of 1.69, a current ratio of 1.86 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $599.14, a P/E ratio of -176.97 and a beta of 1.75. Materialise has a 1-year low of $7.25 and a 1-year high of $16.50.

A number of hedge funds have recently modified their holdings of MTLS. Wells Fargo & Company MN increased its position in Materialise by 15.0% during the third quarter. Wells Fargo & Company MN now owns 142,264 shares of the software maker’s stock worth $2,072,000 after buying an additional 18,506 shares in the last quarter. Columbus Circle Investors increased its position in Materialise by 38.6% during the third quarter. Columbus Circle Investors now owns 235,193 shares of the software maker’s stock worth $3,424,000 after buying an additional 65,499 shares in the last quarter. LA Financiere DE L Echiquier increased its position in Materialise by 104.5% during the third quarter. LA Financiere DE L Echiquier now owns 641,738 shares of the software maker’s stock worth $9,344,000 after buying an additional 327,966 shares in the last quarter. Essex Investment Management Co. LLC purchased a new position in Materialise during the third quarter worth $504,000. Finally, Cookson Peirce & Co. Inc. purchased a new position in Materialise during the second quarter worth $283,000. 11.31% of the stock is owned by hedge funds and other institutional investors.

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Materialise Company Profile

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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