News stories about Photronics (NASDAQ:PLAB) have been trending somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Photronics earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 46.2274385942608 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several analysts have commented on the stock. BidaskClub lowered shares of Photronics from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Zacks Investment Research lowered shares of Photronics from a “hold” rating to a “strong sell” rating in a report on Saturday, December 2nd. Finally, DA Davidson reiterated a “buy” rating and set a $13.00 target price on shares of Photronics in a report on Monday, November 27th.
Photronics (NASDAQ PLAB) traded down $0.05 during mid-day trading on Wednesday, hitting $8.50. 711,900 shares of the stock traded hands, compared to its average volume of 469,190. Photronics has a 1 year low of $7.55 and a 1 year high of $11.95. The stock has a market capitalization of $590.40, a price-to-earnings ratio of 42.50, a price-to-earnings-growth ratio of 2.14 and a beta of 0.55. The company has a quick ratio of 5.20, a current ratio of 5.49 and a debt-to-equity ratio of 0.07.
Photronics (NASDAQ:PLAB) last released its earnings results on Wednesday, November 29th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.02. Photronics had a net margin of 2.91% and a return on equity of 1.55%. The firm had revenue of $121.00 million during the quarter, compared to analyst estimates of $112.17 million. During the same period last year, the business earned $0.05 earnings per share. The business’s revenue was up 12.7% on a year-over-year basis. analysts forecast that Photronics will post 0.4 earnings per share for the current year.
In other Photronics news, VP Richelle E. Burr sold 4,000 shares of Photronics stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $9.00, for a total value of $36,000.00. Following the completion of the sale, the vice president now owns 41,109 shares of the company’s stock, valued at approximately $369,981. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Sean T. Smith sold 18,750 shares of Photronics stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $9.48, for a total transaction of $177,750.00. Following the completion of the sale, the chief financial officer now directly owns 159,108 shares of the company’s stock, valued at approximately $1,508,343.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,750 shares of company stock valued at $648,075. 3.71% of the stock is currently owned by insiders.
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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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