Proto Labs Inc (NYSE:PRLB) has been downgraded to Strong Sell in a report by Zacks Investment Research earlier today.
- Updated: September 15, 2016
Zacks Investment Research has downgraded Proto Labs Inc(NYSE:PRLB) to Strong Sell in a statement released on 9/15/2016.
Previously on 8/31/2016, Dougherty & Company released a statement for Proto Labs Inc(NYSE:PRLB) lowered the target price from $90.00 to $50.00 that suggested a downside of -0.11%.
Boasting a price of $54.30, Proto Labs Inc (NYSE:PRLB) traded 2.04% higher on the day. With the last stock price close down 14.15% relative to the 200-day average, compared with the S&P 500 which has decreased -0.01% over the same time. Proto Labs Inc has recorded a 50-day moving average of $56.88 and 200-day average of $64.54. 149,250 shares of PRLB traded hands, down from ann avg. trading volume of 346,517
With a total market value of $0.0, Proto Labs Inc has a 52 week low of $50.50 and a one-year high of $82.06 with a price-earnings ratio of 32.
A total of 6 brokerages have released a ratings update on the stock. Five firms rate the company a strong buy, one analyst rate the stock a buy, four analyts rate the company a hold, 0 rate the stock to underperform, and lastly 0 analystsrate the company as sell with an average target of $72.00
General Company Details For Proto Labs Inc (NYSE:PRLB)
Proto Labs, Inc. is an online and technology-enabled manufacturer of on-demand three-dimensional (3D)-printed, computer numerical control (CNC) machined and injection-molded custom parts for prototyping and short-run production. It utilizes injection molding, CNC machining and 3D printing to manufacture custom parts for its customers. The Company targets its products to the product developers and engineers who use three-dimensional computer-aided design (3D CAD) software to design products across a range of end-markets. It has operations in the United States, Europe and Japan. The Company’s manufacturing product lines include injection molding (Protomold), CNC machining (Firstcut) and 3D printing (Fineline). The Company’s 3D Printing (Fineline) product line includes stereolithography (SL), selective laser sintering (SLS) and direct metal laser sintering (DMLS) processes, and which offers customers a range of precision rapid prototyping and low volume production.
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