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Jim Cramer's Mad Dash: Stratasys Is Nice, but Pricey

NEW YORK (TheStreet) -- Shares of Stratasys (SSYS - Get Report) are falling Friday after the 3-D printer company earned 40 cents per share on an adjusted basis and beat top-line expectations for the first quarter. 

On CNBC's "Cramer's Mad Dash" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said Stratasys is a great manufacturer with an inflated stock price. 

The market no longer cares for expensive stocks, he said. Instead, investors are now opting for inexpensive stocks. 

While Stratasys, VoxelJet (VJET) and 3D Systems (DDD) may have "captured the imagination of investors," the companies have yet to capture enough earnings to support their valuations, Cramer said. 

Must Read: The 'Yellen Effect' Revitalizes Wall Street, for Now

"There's nothing wrong with the company," he said of Stratasys, but the stock is overvalued.

-- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

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