Voxeljet (NYSE:VJET) Upgraded at ValuEngine

ValuEngine upgraded shares of Voxeljet (NYSE:VJET) from a sell rating to a hold rating in a report published on Thursday morning, ValuEngine reports.

VJET has been the topic of a number of other reports. Piper Jaffray Companies reduced their price target on shares of Voxeljet from $5.50 to $4.75 and set an overweight rating on the stock in a research report on Monday, May 20th. Zacks Investment Research upgraded shares of Voxeljet from a sell rating to a hold rating in a report on Saturday, July 20th.

NYSE VJET traded down $0.04 on Thursday, reaching $1.85. 9,741 shares of the company’s stock traded hands, compared to its average volume of 16,907. Voxeljet has a 12 month low of $1.55 and a 12 month high of $4.75. 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 stock has a 50-day moving average price of $1.88. The firm has a market cap of $45.70 million, a PE ratio of -3.56 and a beta of 2.91.

Voxeljet (NYSE:VJET) last issued its quarterly earnings results on Thursday, May 16th. The technology company reported ($0.13) 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 for the quarter, compared to the consensus estimate of $5.60 million. On average, equities analysts predict that Voxeljet will post -0.33 EPS for the current fiscal year.

An institutional investor recently raised its position in Voxeljet stock. Bank of America Corp DE lifted its position in Voxeljet AG (NYSE:VJET) by 140.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,660,395 shares of the technology company’s stock after purchasing an additional 969,960 shares during the period. Bank of America Corp DE owned about 8.93% of Voxeljet worth $2,823,000 as of its most recent SEC filing. Institutional investors own 21.39% of the company’s stock.

Voxeljet Company Profile

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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