Press coverage about Photronics (NASDAQ:PLAB) has trended somewhat positive on Thursday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring 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 daily sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 45.3550864434149 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several research firms have recently weighed in on PLAB. BidaskClub raised Photronics from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Zacks Investment Research lowered Photronics from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold”.
Shares of Photronics (PLAB) traded up 1.61% during mid-day trading on Thursday, reaching $9.45. The company had a trading volume of 259,124 shares. The firm has a 50-day moving average of $8.24 and a 200-day moving average of $9.73. The company has a market capitalization of $651.46 million, a P/E ratio of 50.00 and a beta of 0.58. Photronics has a 12-month low of $7.55 and a 12-month high of $12.10.
Photronics (NASDAQ:PLAB) last posted its earnings results on Monday, August 14th. The semiconductor company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.03). The firm had revenue of $111.60 million for the quarter, compared to analysts’ expectations of $115.14 million. Photronics had a return on equity of 1.33% and a net margin of 2.97%. During the same quarter in the prior year, the company posted $0.12 earnings per share. On average, equities analysts anticipate that Photronics will post $0.22 earnings per share for the current fiscal year.
In related news, insider Sean T. Smith sold 18,750 shares of the stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $9.19, for a total value of $172,312.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher J. Progler sold 4,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $8.85, for a total transaction of $35,400.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,750 shares of company stock valued at $247,913. 3.71% of the stock is 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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