Materialise (NASDAQ:MTLS) Hits New 12-Month High – Here’s What Happened

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

Wall Street Analysts Forecast Growth

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

Materialise Stock Performance

The company has a market cap of $522.89 million, a PE ratio of 46.59 and a beta of 1.22. The stock’s 50-day simple moving average is $7.74 and its 200 day simple moving average is $6.41. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.65 and a current ratio of 1.81.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Truist Financial Corp acquired a new stake in shares of Materialise during the 4th quarter valued at approximately $79,000. KBC Group NV lifted its stake in shares of Materialise by 18.8% during the 4th 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. Inspire Investing LLC acquired a new stake in Materialise in the 4th quarter worth about $756,000. Retireful LLC purchased a new stake in Materialise in the fourth quarter valued at approximately $161,000. Finally, GAMMA Investing LLC raised its stake in Materialise by 73.3% during the fourth quarter. GAMMA Investing LLC now owns 9,165 shares of the software maker’s stock worth $65,000 after purchasing an additional 3,875 shares during the period. 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.