Dallas, Texas 11/05/ 2013 (Financialstrend) – Though the stock of Stratasys, Ltd. (NASDAQ:SSYS) shed 1.79% during Monday’s trade to close at $115.49, it marked new 52 week as well as lifetime high of $118.5 during the trade. The stock is trading almost double from its 52 week low of $57.77 and well above its 50 day and 200 day moving averages of $104.14 and $93.43, respectively. Stratasys’ is a technology sector stock and part of computer hardware industry with market cap of around $5.12 billion.
At its previous close, the stock is trading mere 1.1% above the consensus price target of $114.19. Of the 14 equity research analysts following the stock, 6 maintain ‘strong buy’, 4 maintain ‘buy’, three maintain ‘hold’ and only one analyst maintains ‘sell’ rating for the stock of Stratasys.
TheStreet maintains ‘hold’ rating for the stock of Stratasys, Ltd. (NASDAQ:SSYS). The research report released by TheStreet identified company’s strengths in its strong revenue growth, sound financial position and solid stock price performance. However the report also pointed concerns with regards to its disappointing return on equity, down trending net income and negligible growth in company’s earnings per share. The company’s impressive year over year revenue growth of over 115% greatly exceeded the industry average of 0.6%. However it could not boost the declining earnings per share. As far its financial position is concerned, the company has no debt indicating debt to equity ratio of zero, which is considered a favorable sign. In addition the company maintains quick ratio of 2.86, indicating its ability to meet short term cash needs.
Minnesota based Stratasys provides AM solutions and offers desktop 3D printers for design development alongside range of systems for rapid prototyping and direct digital manufacturing under number of brands including Mojo, Objet, uPrint and Dimension among others. Its solutions are used in diversified industries including educational institutions, architecture, apparel, automotive, defense, aerospace, electronics and toys industries among others.