Voxeljet AG (ADR) (VJET) was Reiterated by Piper Jaffray to “Overweight” while Lowering the Price Target of the company shares to $ 5.70 from a previous price target of $7.30 . Piper Jaffray advised their investors in a research report released on Aug 15, 2016.
Voxeljet AG (ADR) closed down -0.505 points or -10.19% at $4.45 with 1,61,889 shares getting traded on Friday. Post opening the session at $4.38, the shares hit an intraday low of $4.31 and an intraday high of $4.58 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Voxeljet AG is a Germany-based company engaged in manufacture and sales of three-dimensional (3D) printers. The Company’s offer is aimed at industrial companies active in fields such as aerospace automotive engineering architecture science medicine art film and entertainment. The Company is divided in two business areas: voxeljet SYSTEMS and voxeljet SERVICES. Voxeljet SYSTEMS offers development production and distribution of five printing systems: VX200 VX500 VXC800 VX1000 and VX4000. 3D models are created by layered application of a particle material that is selectively bonded. Voxeljet SERVICES operates a 3D printing service centre for on-demand production of metal-casting moulds and models. The centre offers 3D printers with a print volume of 200000 liters per month. Additionally the Company offers mould design casting services and post-processing of models and sales used equipment. Voxeljet AG operates one production plant in Augsburg Germany.