Photronics, Inc. (NASDAQ:PLAB) CFO John P. Jordan sold 2,550 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $10.99, for a total transaction of $28,024.50. Following the sale, the chief financial officer now owns 76,618 shares of the company’s stock, valued at $842,031.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Photronics stock traded down $0.01 during midday trading on Thursday, hitting $10.93. 4,723 shares of the stock were exchanged, compared to its average volume of 571,472. Photronics, Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $11.58. The stock has a market capitalization of $739.84 million, a price-to-earnings ratio of 18.88 and a beta of 0.50. The stock’s 50-day simple moving average is $9.86 and its 200 day simple moving average is $9.19. The company has a current ratio of 2.64, a quick ratio of 2.39 and a debt-to-equity ratio of 0.05.
Photronics (NASDAQ:PLAB) last released its quarterly earnings data on Tuesday, August 20th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.10. Photronics had a net margin of 6.04% and a return on equity of 3.60%. The firm had revenue of $138.11 million during the quarter, compared to analysts’ expectations of $137.13 million. During the same period last year, the business earned $0.18 earnings per share. Photronics’s revenue was up 1.3% compared to the same quarter last year. Equities analysts anticipate that Photronics, Inc. will post 0.45 EPS for the current fiscal year.
Several equities research analysts recently issued reports on PLAB shares. TheStreet cut shares of Photronics from a “b-” rating to a “c” rating in a research report on Friday, June 7th. Zacks Investment Research upgraded shares of Photronics from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Friday, August 23rd. Northland Securities set a $12.00 price objective on shares of Photronics and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Finally, BidaskClub upgraded shares of Photronics from a “hold” rating to a “buy” rating in a research report on Saturday, August 24th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Photronics has an average rating of “Buy” and a consensus target price of $11.50.
Photronics, Inc, together with its subsidiaries, manufactures and sells photomasks in Taiwan, Korea, the United States, Europe, and internationally. The company offers photomasks, which are high precision photographic quartz or glass plates containing microscopic images of electronic circuits for use in the manufacture of semiconductors and flat panel displays (FPDs), as well as that are used as masters to transfer circuit patterns onto semiconductor wafers and flat panel display substrates during the fabrication of integrated circuits, FPDs, and other types of electrical and optical components.
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