Proto Stock Falls On Unusually High Volume (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) is trading at unusually high volume Friday with 1.3 million shares changing hands. It is currently at 2.4 times its average daily volume and trading down $1.41 (-2.1%) at $64.97 as of 4:05 p.m. ET.

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Proto has a market cap of $1.65 billion and is part of the industrial goods sector and industrial industry. Shares are up 68.4% 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 51.3, above the S&P 500 P/E ratio of 17.7.

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.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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