Proto Labs Inc (PRLB): Today's Featured Industrial Winner

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

Proto Labs ( PRLB) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day down 0.9%. By the end of trading, Proto Labs rose $1.34 (2.1%) to $63.87 on average volume. Throughout the day, 741,968 shares of Proto Labs exchanged hands as compared to its average daily volume of 511,400 shares. The stock ranged in a price between $62.75-$65.12 after having opened the day at $63.43 as compared to the previous trading day's close of $62.53. Other companies within the Industrial industry that increased today were: MFRI ( MFRI), up 12.4%, Asia Pacific Wire & Cable Corp ( APWC), up 7.1%, Altair Nanotechnologies ( ALTI), up 6.3% and IntriCon Corporation ( IIN), up 4.8%.
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Proto Labs, Inc. produces CNC machined and injection molded plastic parts. Proto Labs has a market cap of $1.5 billion and is part of the industrial goods sector. The company has a P/E ratio of 55.1, above the S&P 500 P/E ratio of 17.7. Shares are up 58.6% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Proto Labs a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Proto Labs 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.

On the negative front, Exide Technologies ( XIDE), down 16.0%, WSI Industries ( WSCI), down 7.2%, China Ming Yang Wind Power Group ( MY), down 5.9% and UQM Technologies ( UQM), down 5.3% , were all laggards within the industrial industry with United Technologies ( UTX) being today's industrial industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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