Proto Labs Inc (NYSE: PRLB) has reported E.P.S. of $0.18 for its second fiscal quarter (ending June 30) versus $-0.01 for the same period a year ago. E.P.S. were $0.97 for the latest four quarters through June 30 versus $-4.01 for the same period a year ago.
Recent Price Action
Proto Labs Inc (NYSE: PRLB) stock suffered a major decline of -15.3% on 8/2/24. The shares closed at $28.39. Moreover, this decline was accompanied by exceptionally high trading volume at 207% of normal. The stock has been weak relative to the market over the last nine months and has declined -17.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PRLB is expected to be a modest Value Builder.
Proto Labs has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Proto Labs has a neutral Appreciation Score of 52 and a neutral Power Rating of 42, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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