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, Inc. breached its 50 day moving average in a Bearish Manner : PLAB-US : November 16, 2017 (finance.yahoo.com)
- Zacks: Analysts Anticipate Photronics, Inc. (PLAB) Will Announce Quarterly Sales of $112.10 Million (americanbankingnews.com)
- Photronics, Inc. (PLAB) Expected to Announce Earnings of $0.06 Per Share (americanbankingnews.com)
- Photronics : to Report Fourth Quarter Earnings (4-traders.com)
- Photronics to Report Fourth Quarter Earnings (finance.yahoo.com)
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.
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.
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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