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Proto Labs (PRLB) produces CNC machined and injection molded plastic parts.
It offers products that are made of various engineering-grade resins, such as ABS, polycarbonate, nylon, acetal, polypropylene, acrylic, PBT, HDPE, LDPE, TPE, and TPU, as well as LCP, including glass or fiber filled grades.
Proto Labs has developed software and advanced manufacturing processes that automate much of the skilled labor conventionally required in quoting, production engineering and manufacturing custom parts.
The Company’s Firstcut and Protomold services offer many product developers the ability to outsource their low-volume, quick-turn custom parts manufacturing. Its Firstcut service uses commercially-available CNC machines to cut blocks of material into one or more custom parts based on the 3D CAD model uploaded by the product developer.
The company was founded in 1999 and is headquartered in Maple Plain, Minnesota. It has locations in the United States, the United Kingdom, Germany, Japan, Italy, France, and Spain.
Shares have formed a bullish "cup & handle" and higher share prices are expected to head higher from their present level.
52-Week Trading Range: $27.96 - $67.40
Entry Point: $63.90
Stop Loss: $60.70
Target Price: $70.29
PRLB reached our target price. Position was closed at $70.50. IF you elect to stay in the posistion, please raise your stop loss to $69.50.
