Photronics (PLAB) Getting Somewhat Favorable Media Coverage, Study Shows

Press coverage about Photronics (NASDAQ:PLAB) has been trending somewhat positive on Saturday, according to Accern. The research group scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Photronics earned a news impact score of 0.11 on Accern’s scale. Accern also assigned news headlines about the semiconductor company an impact score of 44.2194943204258 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:

Photronics (NASDAQ:PLAB) traded down $0.10 during midday trading on Friday, reaching $8.75. The company had a trading volume of 825,423 shares, compared to its average volume of 567,106. Photronics has a 12-month low of $7.55 and a 12-month high of $12.10. The stock has a market cap of $610.11, a P/E ratio of 53.24, a P/E/G ratio of 1.89 and a beta of 0.54. The company has a quick ratio of 5.59, a current ratio of 5.91 and a debt-to-equity ratio of 0.07.

Photronics (NASDAQ:PLAB) last released its quarterly earnings data on Monday, August 14th. The semiconductor company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.03). Photronics had a net margin of 4.30% and a return on equity of 2.18%. The firm had revenue of $111.60 million during the quarter, compared to analysts’ expectations of $115.14 million. During the same period in the previous year, the business earned $0.12 earnings per share. equities research analysts anticipate that Photronics will post 0.19 earnings per share for the current year.

PLAB has been the subject of several research analyst reports. Zacks Investment Research raised Photronics from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. BidaskClub downgraded Photronics from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd.

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In other Photronics news, VP Christopher J. Progler sold 4,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $8.85, for a total transaction of $35,400.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Sean T. Smith sold 18,750 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $9.48, for a total value of $177,750.00. Following the sale, the chief financial officer now owns 159,108 shares in the company, valued at approximately $1,508,343.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,500 shares of company stock worth $412,463. 3.71% of the stock is owned by insiders.

About Photronics

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.

Insider Buying and Selling by Quarter for Photronics (NASDAQ:PLAB)

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