Media headlines about Photronics (NASDAQ:PLAB) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Photronics earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 45.387417457998 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Photronics (NASDAQ:PLAB) traded up 0.53% during mid-day trading on Wednesday, reaching $9.45. 293,831 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $8.34 and its 200-day moving average price is $9.70. Photronics has a 12-month low of $7.55 and a 12-month high of $12.10. The stock has a market cap of $651.46 million, a price-to-earnings ratio of 50.00 and a beta of 0.58.
Photronics (NASDAQ:PLAB) last posted its quarterly earnings data on Monday, August 14th. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The business had revenue of $111.60 million during the quarter, compared to analysts’ expectations of $115.14 million. Photronics had a return on equity of 1.33% and a net margin of 2.97%. During the same period in the previous year, the business posted $0.12 EPS. Equities research analysts forecast that Photronics will post $0.22 earnings per share for the current year.
PLAB has been the topic of several research reports. BidaskClub raised shares of Photronics from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Zacks Investment Research lowered shares of Photronics from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company has an average rating of “Hold”.
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In related news, VP Christopher J. Progler sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $8.85, for a total value of $35,400.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Sean T. Smith sold 18,750 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $9.19, for a total transaction of $172,312.50. The disclosure for this sale can be found here. In the last three months, insiders sold 26,750 shares of company stock worth $247,913. 3.71% of the stock is currently owned by insiders.
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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