Photronics (PLAB) Given Daily Media Sentiment Score of 0.06
News stories about Photronics (NASDAQ:PLAB) have trended somewhat positive recently, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news 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 0.06 on Accern’s scale. Accern also assigned media coverage about the semiconductor company an impact score of 48.0057402975845 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Photronics (NASDAQ:PLAB) traded up 1.26% during mid-day trading on Thursday, reaching $8.05. 159,173 shares of the company were exchanged. Photronics has a 12 month low of $7.55 and a 12 month high of $12.10. The firm has a 50-day moving average price of $9.43 and a 200 day moving average price of $10.36. The stock has a market capitalization of $551.63 million, a P/E ratio of 42.37 and a beta of 0.48.
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. The company had revenue of $111.60 million during the quarter, compared to the consensus estimate of $115.14 million. Photronics had a net margin of 2.97% and a return on equity of 1.34%. During the same quarter in the prior year, the firm earned $0.12 EPS. Equities research analysts anticipate that Photronics will post $0.19 EPS for the current fiscal year.
A number of research analysts recently commented on PLAB shares. Zacks Investment Research upgraded shares of Photronics from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. ValuEngine upgraded shares of Photronics from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub upgraded shares of Photronics from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $12.00.
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In other Photronics news, VP Christopher J. Progler sold 4,000 shares of Photronics stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $10.05, for a total transaction of $40,200.00. Following the transaction, the vice president now directly owns 78,900 shares of the company’s stock, valued at approximately $792,945. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.71% of the company’s stock.
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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