Headlines about Photronics (NASDAQ:PLAB) have been trending somewhat positive on Friday, Accern Sentiment reports. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Photronics earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 45.2494444957278 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Photronics (NASDAQ PLAB) traded down $0.30 on Friday, reaching $8.55. 61,993 shares of the company’s stock were exchanged, compared to its average volume of 547,358. The company has a current ratio of 5.59, a quick ratio of 5.28 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $632.40, a PE ratio of 33.08, a P/E/G ratio of 2.38 and a beta of 0.58. Photronics has a one year low of $7.20 and a one year high of $11.75.
Photronics (NASDAQ:PLAB) last announced its earnings results on Wednesday, February 14th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The company had revenue of $123.40 million during the quarter, compared to analysts’ expectations of $114.13 million. Photronics had a net margin of 3.68% and a return on equity of 1.96%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.03 earnings per share. research analysts predict that Photronics will post 0.38 earnings per share for the current fiscal year.
PLAB has been the subject of a number of research reports. DA Davidson restated a “buy” rating and set a $13.00 target price on shares of Photronics in a research report on Monday, November 27th. Zacks Investment Research cut shares of Photronics from a “hold” rating to a “strong sell” rating in a research report on Saturday, December 2nd. BidaskClub cut shares of Photronics from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, ValuEngine cut shares of Photronics from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd.
In other news, Director Constantine S. Macricostas sold 400,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $7.73, for a total value of $3,092,000.00. Following the completion of the transaction, the director now owns 692,575 shares of the company’s stock, valued at $5,353,604.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Constantine S. Macricostas sold 200,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $7.75, for a total transaction of $1,550,000.00. Following the completion of the transaction, the director now directly owns 692,575 shares of the company’s stock, valued at approximately $5,367,456.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 604,580 shares of company stock valued at $4,681,180. 3.73% of the stock is currently owned by company 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.
Receive News & Ratings for Photronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Photronics and related companies with MarketBeat.com's FREE daily email newsletter.