Materialise NV (ADR) (MTLS) is Initiated by FBR Capital to Mkt Perform, Price Target at $7

Materialise NV (ADR) (MTLS) was Initiated by FBR Capital to “Mkt Perform” and the brokerage firm has set the Price Target at $7. FBR Capital advised their investors in a research report released on May 24, 2016.

On the company’s financial health, Materialise NV (ADR) reported $-0.07 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on May 11, 2016. Analyst had a consensus of $-0.02. The company had revenue of $26.70 million for the quarter, compared to analysts expectations of $26.25 million. The company’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.

Materialise NV (ADR) closed down -0.105 points or -1.56% at $6.625 with 16,888 shares getting traded on Friday. Post opening the session at $6.59, the shares hit an intraday low of $6.59 and an intraday high of $6.89 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Materialise NV is a Belgium-based company engaged in the field of technology. It specializes in additive manufacturing (AM) also known as three dimensional (3D) printing. The Company specializes in preparation of 3D prototypes for manufactures software development biomedical research and online services. It operates RapidFit a service to provide customized jigs fixtures and control solutions created with the use of AM; a design division .MGX specialized in the manufacture of lamps and furniture; i.materialize an online 3D printing service where users can create share and sell their designs; and Cranio-Maxillofacial (CMF) a solution for surgeons and anaplastologists which enables production of personalized implants and reconstructions. The Company is also engaged in the development of solutions for orthopedics biomedical software and engineering and printing of cardiovascular models. Additionally it operates a store in Brussels dedicated to 3D design.

Materialise NV (ADR)

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