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

Proto Labs ( PRLB) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day up 1.3%. By the end of trading, Proto Labs fell $0.76 (-1.2%) to $63.38 on light volume. Throughout the day, 405,722 shares of Proto Labs exchanged hands as compared to its average daily volume of 556,300 shares. The stock ranged in price between $63.10-$64.97 after having opened the day at $64.90 as compared to the previous trading day's close of $64.14. Other companies within the Industrial Goods sector that declined today were: JinkoSolar ( JKS), down 10.6%, Intellicheck Mobilisa ( IDN), down 9.7%, UQM Technologies ( UQM), down 6.8% and India Globalization Capital ( IGC), down 6.4%.

Proto Labs, Inc. produces CNC machined and injection molded plastic parts. Proto Labs has a market cap of $1.7 billion and is part of the industrial industry. Shares are up 62.7% year to date as of the close of trading on Monday. Currently there are 6 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 positive front, China Recycling Energy Corporation ( CREG), up 16.2%, GreenHunter Resources ( GRH), up 11.1%, Clean Diesel Technologies ( CDTI), up 9.6% and TRC Companies ( TRR), up 9.4% , were all gainers within the industrial goods sector with Cummins ( CMI) being today's featured industrial goods sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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