Proto Labs Inc. Hits New 52-Week High at $80.91 (PRLB)
Shares of Proto Labs (NASDAQ:PRLB) hit a new 52-week high on Friday, AnalystRatingsNetwork.com reports. The company traded as high as $80.91 and last traded at $80.79, with a volume of 174,733 shares trading hands. The stock had previously closed at $77.91.
Separately, analysts at Jefferies Group set a $65.00 price target on shares of Proto Labs (NASDAQ:PRLB) in a research note to investors on Monday, July 15th. They now have a “hold” rating on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $60.80.
In other Proto Labs news, Director Rainer Gawlick unloaded 17,500 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $77.71, for a total value of $1,359,925.00. Following the sale, the director now directly owns 2,250 shares of the company’s stock, valued at approximately $174,848. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Proto Labs has a 52-week low of $27.96 and a 52-week high of $80.66. The stock has a 50-day moving average of $73.69 and a 200-day moving average of $60.90. The company has a market cap of $2.039 billion and a P/E ratio of 64.02.
Proto Labs (NASDAQ:PRLB) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $39.70 million for the quarter, compared to the consensus estimate of $40.25 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 32.3% on a year-over-year basis. Analysts expect that Proto Labs will post $1.43 EPS for the current fiscal year.
Proto Labs, Inc manufactures computer numerical control machined and plastic injection molded parts. The Company offers plastic injection molded parts, rapid tooling, plastic injection molding, rapid injection molding, rapid prototyping and prototype.
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