Shares of Proto Labs Inc. (NYSE:PRLB) traded today at $83.50, breaking its 52-week low. So far today approximately 60,000 shares have been exchanged, as compared to an average 30-day volume of 452,000 shares.
Proto Labs Inc is an on-demand manufacturer of custom parts for prototyping and short-run production. The company offers developers and engineers quick-turn production services to reduce the time to market. Proto Labs uses injection molding, computer numerical control machining, and 3-D printing to manufacture custom parts for its clients. The company services clients’ needs for prototype solutions, parts for testing procedures, bridge production capabilities during disruptions in manufacturing processes, limited-quantity requests, and end-of-life production support. The largest end market is the United States of America.
In the past 52 weeks, shares of Proto Labs Inc. have traded between the current low of $83.50 and a high of $286.57 and is now at $84.54.
Proto Labs Inc. (NYSE:PRLB) has potential upside of 26.5% based on a current price of $84.54 and analysts’ consensus price target of $106.97.
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