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Shares of Multi-Color (NASDAQ:LABL) hit a new 52-week high during trading on Monday , AmericanBankingNews.com reports. The company traded as high as $41.22 and last traded at $40.45, with a volume of 119,509 shares changing hands. The stock had previously closed at $39.27.

A number of analysts have recently weighed in on LABL shares. Analysts at Zacks upgraded shares of Multi-Color from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 17th. They now have a $39.20 price target on the stock.

The stock’s 50-day moving average is $35.58 and its 200-day moving average is $35.32. The company has a market cap of $657.4 million and a P/E ratio of 23.10.

Multi-Color (NASDAQ:LABL) last released its earnings data on Friday, June 13th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.58 by $0.10. The company had revenue of $193.50 million for the quarter, compared to the consensus estimate of $187.53 million. On average, analysts predict that Multi-Color will post $2.57 earnings per share for the current fiscal year.

Multi-Color Corporation (NASDAQ:LABL) is engaged in label solutions business supporting brands, including producers of home and personal care, wine and spirit, food and beverage, healthcare and specialty consumer products.

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