Separately, Zacks Investment Research lowered shares of Hancock Jaffe Laboratories from a buy rating to a hold rating in a research note on Wednesday, June 26th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $134.00.
Shares of NYSE:PRLB opened at $109.13 on Thursday. The company has a current ratio of 4.89, a quick ratio of 4.67 and a debt-to-equity ratio of 0.02. Proto Labs has a fifty-two week low of $94.20 and a fifty-two week high of $166.60. The firm’s 50-day simple moving average is $105.78. The company has a market cap of $2.93 billion, a P/E ratio of 38.84, a PEG ratio of 1.35 and a beta of 1.57.
A number of institutional investors have recently bought and sold shares of PRLB. Executive Wealth Management LLC acquired a new position in Proto Labs during the 4th quarter valued at about $30,000. Parallel Advisors LLC acquired a new position in Proto Labs during the 1st quarter valued at about $34,000. Brand Asset Management Group Inc. acquired a new position in Proto Labs during the 1st quarter valued at about $45,000. Icon Wealth Partners LLC acquired a new position in Proto Labs during the 1st quarter valued at about $57,000. Finally, Nisa Investment Advisors LLC boosted its stake in Proto Labs by 18.8% during the 1st quarter. Nisa Investment Advisors LLC now owns 950 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 150 shares during the period. 91.13% of the stock is owned by hedge funds and other institutional investors.
Proto Labs Company Profile
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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