Voxeljet (NYSE:VJET) Stock Rating Upgraded by Zacks Investment Research

Voxeljet (NYSE:VJET) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Saturday, Zacks.com reports.

According to Zacks, “voxeljet AG provides 3D printers and on-demand parts services to industrial and commercial customers. The company operates in two segments, Systems and Services. It serves the automotive, aerospace, film and entertainment, art and architecture, engineering and consumer product industries. voxeljet AG is headquartered in Friedberg, Germany. “

A number of other equities analysts have also recently issued reports on VJET. ValuEngine cut shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Piper Jaffray Companies reduced their price objective on shares of Ocular Therapeutix to $8.00 and set a “market perform” rating on the stock in a research note on Monday, May 20th.

Shares of VJET stock opened at $1.80 on Friday. Voxeljet has a 52-week low of $1.55 and a 52-week high of $4.75. The company has a market capitalization of $43.52 million, a PE ratio of -3.46 and a beta of 2.92. The company has a current ratio of 5.42, a quick ratio of 3.77 and a debt-to-equity ratio of 0.46. The firm has a 50 day simple moving average of $1.85.

Voxeljet (NYSE:VJET) last announced its quarterly earnings data on Thursday, May 16th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). Voxeljet had a negative net margin of 36.42% and a negative return on equity of 23.03%. The business had revenue of $6.32 million during the quarter, compared to the consensus estimate of $5.60 million. As a group, analysts forecast that Voxeljet will post -0.33 EPS for the current year.

A hedge fund recently raised its stake in Voxeljet stock. Bank of America Corp DE raised its position in shares of Voxeljet AG (NYSE:VJET) by 140.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,660,395 shares of the technology company’s stock after purchasing an additional 969,960 shares during the quarter. Bank of America Corp DE owned 8.93% of Voxeljet worth $2,823,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 21.38% of the company’s stock.

About Voxeljet

voxeljet AG provides three-dimensional (3D) printers and on-demand parts services to industrial and commercial customers worldwide. The company operates in two segments, Systems and Services. The Systems segment develops, produces, and sells 3D printers. This segment also offers consumables, including particulate materials and proprietary chemical binding agents, maintenance contracts, and spare parts.

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