Proto Stock Hits New 52-Week High (PRLB)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Proto Labs (NYSE: PRLB) hit a new 52-week high Friday as it is currently trading at $57.25, above its previous 52-week high of $56.59 with 178,350 shares traded as of 10:36 a.m. ET. Average volume has been 601,700 shares over the past 30 days.

Proto has a market cap of $1.38 billion and is part of the industrial goods sector and industrial industry. Shares are up 39.4% year to date as of the close of trading on Thursday.

Proto Labs, Inc. produces CNC machined and injection molded plastic parts. The company has a P/E ratio of 50.7, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Proto as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation. You can view the full Proto Ratings Report.

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