Proto Labs (NYSE:PRLB) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Proto Labs, Inc. (NYSE:PRLB - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $38.40 and traded as high as $41.40. Proto Labs shares last traded at $40.54, with a volume of 187,632 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Proto Labs from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 6th.

Proto Labs Stock Performance

The business's fifty day simple moving average is $39.24 and its 200-day simple moving average is $38.44. The firm has a market capitalization of $953.93 million, a PE ratio of 66.88 and a beta of 1.33.

Proto Labs (NYSE:PRLB - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.04. Proto Labs had a net margin of 2.99% and a return on equity of 2.22%. The business had revenue of $126.21 million during the quarter, compared to analyst estimates of $123.71 million. During the same period last year, the firm posted $0.40 EPS. The company's revenue was down 1.3% on a year-over-year basis. Sell-side analysts expect that Proto Labs, Inc. will post 0.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Proto Labs

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its holdings in shares of Proto Labs by 7,380.0% in the 1st quarter. NewEdge Advisors LLC now owns 748 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 738 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of Proto Labs by 764.1% in the 4th quarter. Sterling Capital Management LLC now owns 795 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 703 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Proto Labs by 249.4% in the 1st quarter. GAMMA Investing LLC now owns 926 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 661 shares in the last quarter. Quarry LP raised its holdings in shares of Proto Labs by 175.7% in the 4th quarter. Quarry LP now owns 1,585 shares of the industrial products company's stock valued at $62,000 after purchasing an additional 1,010 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Proto Labs by 50.4% in the 1st quarter. CWM LLC now owns 1,840 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 617 shares in the last quarter. Institutional investors own 84.54% of the company's stock.

Proto Labs Company Profile

Proto Labs, Inc, together with its subsidiaries, operates as a digital manufacturer of custom parts in the United States and Europe. The company offers injection molding; computer numerical control machining; three-dimensional printing; and sheet metal fabrication products. It serves developers and engineers, who use 3D computer-aided design software to design products across a range of end-markets.