Protolabs Inc expands share buyback plan by $50 mln

Proto Labs

10/12/2021 22:25

** Shares  PRLB.N  of Protolabs Inc, which makes product
prototypes for manufacturing companies, up 1.1% at $50.11 after
market
    ** Company increases share repurchase program by $50 mln,
says is now authorized to buy back $150 mln of common shares, of
which it has already bought $87 mln as of Dec. 7  urn:newsml:reuters.com:*:nBwbznGGNa
    ** PRLB has a consensus rating of "hold" and median PT of
$57.50 - Refinitiv 
    ** Company's shares down nearly 68% YTD as of Friday's close

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com))