voxeljet (NYSE:VJET) Receives Hold Rating from Analysts

Analysts at StockNews.com have initiated coverage on shares of voxeljet AG (VJET), a provider of high-speed, large-format 3D printers and on-demand parts services that serves various industrial and commercial sectors. In a research note released to investors on Saturday morning, the firm has assigned a hold rating to the company's stock. This implies that investors are advised to maintain their current position in the stock without buying more shares or selling existing holdings at the current price level.

Company Profile

Headquartered in Friedberg, Germany, voxeljet AG operates on a global scale with industrial customers spanned across Europe, the Middle East, Africa, Asia Pacific, and the Americas. The company's expertise in additive manufacturing processes, better known as 3D printing, positions it at the forefront of technological advancements in the field. voxeljet AG designs printers that cater to the production needs of various industries, offering them the capacity to innovate and manufacture parts with precision and efficiency.

Stock Performance and Rating

Upon the coverage initiation, shares of voxeljet AG (VJET) opened at $1.07 on the preceding Friday. The hold rating reflects the analysts' expectation that the stock will perform in line with the market or sector, suggesting that they see neither an overvalued nor an undervalued situation in the immediate term. For investors, this rating might signal that they should await further developments or potential catalysts that could have a significant impact on the stock's performance before making any substantial changes to their investment portfolio.

voxeljet, 3DPrinting, Hold