Stratasys (NASDAQ:SSYS) Rating Downgrade

Standpoint Research cut Stratasys (NASDAQ:SSYS)’s Stock to “Hold” rating from “Reduce”. The rating change was issued to investors and clients in a research note today.

Despite the rating downgrade NASDAQ:SSYS is now trading 1.15% higher at $30.00 as of 6:02 AM New York time. Stratasys shares have [From2] 0% in the past 200 days, while the Standard & Poor’s 500 index has added 10.38% in the same time period.

According to data compiled by Thomson Reuters, Stratasys (NASDAQ:SSYS)’s stock is covered by 13 equity analysts across the Street, with 3 analysts giving it a Sell rating, 6 a Buy rating, while 11 consider it a Hold. The 12-month consensus target price for the stock is $24.46, which reflects an downside potential of 18.47% over the current price.

Institutional Ownership

Stratasys (NASDAQ:SSYS) traded up 1.15% on 12 May, hitting $30. A total of 849,253 shares of the company’s stock traded hands. This is down from average of 851,625 shares. Stratasys has a 52 week low of $16.37 and a 52 week high of $30.26. The company has a market cap of $1.56 billion and a P/E ratio of 0.

Get the latest Stratasys (NASDAQ:SSYS) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Stratasys (NASDAQ:SSYS) was Cut by Analysts at Standpoint Research from a “Reduce” Rating to “Hold” appeared first on Octafinance.