ValuEngine Lowers Proto Labs (NYSE:PRLB) to Hold

ValuEngine cut shares of Proto Labs (NYSE:PRLB) from a buy rating to a hold rating in a research report report published on Thursday morning, ValuEngine reports.

Separately, Zacks Investment Research lowered shares of Hancock Jaffe Laboratories from a buy rating to a hold rating in a report on Wednesday, June 26th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Proto Labs currently has an average rating of Hold and an average price target of $134.00.

NYSE:PRLB opened at $109.13 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.89 and a quick ratio of 4.67. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 38.84, a price-to-earnings-growth ratio of 1.35 and a beta of 1.57. The company’s fifty day simple moving average is $105.78. Proto Labs has a twelve month low of $94.20 and a twelve month high of $166.60.

Proto Labs (NYSE:PRLB) last posted its earnings results on Thursday, April 25th. The industrial products company reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.08. The business had revenue of $113.50 million for the quarter, compared to analyst estimates of $115.24 million. Proto Labs had a net margin of 16.41% and a return on equity of 13.86%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.71 EPS. Equities research analysts forecast that Proto Labs will post 2.47 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Executive Wealth Management LLC purchased a new stake in Proto Labs during the 4th quarter worth $30,000. Parallel Advisors LLC purchased a new stake in Proto Labs during the 1st quarter worth $34,000. Brand Asset Management Group Inc. purchased a new stake in Proto Labs during the 1st quarter worth $45,000. Icon Wealth Partners LLC purchased a new stake in Proto Labs during the 1st quarter worth $57,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Proto Labs during the 1st quarter worth $109,000. 91.13% of the stock is currently owned by hedge funds and other institutional investors.

About Proto Labs

Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce driven digital manufacturer of custom parts for prototyping and short-run production worldwide. It utilizes injection molding, computer numerical control machining, three-dimensional (3D) printing, and sheet metal fabrication to manufacture custom parts for developers and engineers who use 3D computer-aided design software to design products across a range of end markets.

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