Media coverage about Photronics (NASDAQ:PLAB) has been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Photronics earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 47.0718711736743 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several research analysts have recently issued reports on PLAB shares. Zacks Investment Research downgraded Photronics from a “hold” rating to a “sell” rating in a research note on Friday, May 19th. ValuEngine raised Photronics from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub raised Photronics from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $12.00.
Photronics (PLAB) traded up 1.27% on Tuesday, hitting $8.00. The stock had a trading volume of 144,687 shares. The stock has a market capitalization of $548.20 million, a price-to-earnings ratio of 42.11 and a beta of 0.52. The company has a 50-day moving average price of $8.82 and a 200-day moving average price of $10.11. Photronics has a 1-year low of $7.55 and a 1-year high of $12.10.
Photronics (NASDAQ:PLAB) last announced its quarterly earnings results on Monday, August 14th. The semiconductor company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.03). The company had revenue of $111.60 million during the quarter, compared to analysts’ expectations of $115.14 million. Photronics had a return on equity of 1.34% and a net margin of 2.97%. During the same period last year, the firm earned $0.12 earnings per share. Equities analysts predict that Photronics will post $0.19 earnings per share for the current year.
In other Photronics news, VP Christopher J. Progler sold 4,000 shares of Photronics stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $10.05, for a total value of $40,200.00. Following the transaction, the vice president now directly owns 78,900 shares of the company’s stock, valued at approximately $792,945. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.71% of the stock is owned by insiders.
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Photronics Company Profile
Photronics, Inc is a manufacturer of photomasks, which are photographic quartz plates containing microscopic images of electronic circuits. As of October 30, 2016, the Company operated principally from nine manufacturing facilities: two located in Europe, three in Taiwan, one in Korea and three in the United States.
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