Stratasys (NASDAQ:SSYS) Trading Down 8.8% – Here’s Why

by · The Markets Daily

Stratasys, Ltd. (NASDAQ:SSYS – Get Free Report) shares were down 8.8% during mid-day trading on Thursday . The company traded as low as $7.82 and last traded at $7.84. 1,506,154 shares traded hands during trading, an increase of 65% from the average session volume of 914,439 shares. The stock had previously closed at $8.60.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SSYS shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Stratasys in a report on Tuesday. Zacks Research upgraded shares of Stratasys from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.33.

Get Our Latest Research Report on Stratasys

Stratasys Price Performance

The stock’s 50 day simple moving average is $8.47 and its two-hundred day simple moving average is $8.87. The stock has a market capitalization of $676.46 million, a PE ratio of -5.86 and a beta of 1.94.

Stratasys (NASDAQ:SSYS – Get Free Report) last issued its quarterly earnings results on Wednesday, July 1st. The technology company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $137.61 million during the quarter. Stratasys had a negative net margin of 21.05% and a negative return on equity of 1.77%. As a group, equities research analysts predict that Stratasys, Ltd. will post -0.16 earnings per share for the current fiscal year.

Institutional Trading of Stratasys

A number of large investors have recently bought and sold shares of the company. TD Waterhouse Canada Inc. bought a new stake in shares of Stratasys in the fourth quarter valued at $25,000. Global Retirement Partners LLC bought a new position in shares of Stratasys during the 4th quarter worth $26,000. Parallel Advisors LLC grew its stake in shares of Stratasys by 1,071.4% during the 1st quarter. Parallel Advisors LLC now owns 3,807 shares of the technology company’s stock worth $30,000 after acquiring an additional 3,482 shares during the period. Advisory Services Network LLC purchased a new stake in Stratasys in the 3rd quarter worth about $34,000. Finally, Raymond James Financial Inc. purchased a new stake in Stratasys in the 2nd quarter worth about $35,000. 75.77% of the stock is owned by hedge funds and other institutional investors.

About Stratasys

(Get Free Report)

Stratasys, Inc is a global leader in additive manufacturing and 3D printing solutions, offering a comprehensive portfolio of technologies and materials for rapid prototyping and production. Founded in 1989 by Scott and Lisa Crump, the company pioneered fused deposition modeling (FDM) and has since expanded its capabilities to include PolyJet, stereolithography and metal deposition systems. Stratasys serves a broad array of customers, from small design studios to major industrial manufacturers, enabling accelerated product development and on-demand part production.

The company’s product line encompasses both desktop and industrial-grade 3D printers, dedicated support materials and proprietary software designed to streamline the digital manufacturing workflow.

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