Somewhat Positive News Coverage Somewhat Unlikely to Impact Photronics (PLAB) Share Price
Media headlines about Photronics (NASDAQ:PLAB) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Photronics earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 46.2958612141593 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Short Interest in Photronics, Inc. (PLAB) Declines By 23.1% (americanbankingnews.com)
- ETFs with exposure to Photronics, Inc. : September 15, 2017 (finance.yahoo.com)
- Photronics, Inc. (PLAB) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- John P. Jordan Purchases 3,000 Shares of Photronics, Inc. (PLAB) Stock (americanbankingnews.com)
- Photronics, Inc. :PLAB-US: Earnings Analysis: Q3, 2017 By the Numbers : September 11, 2017 (finance.yahoo.com)
Photronics (NASDAQ:PLAB) traded up 1.25% during trading on Monday, reaching $8.10. The company’s stock had a trading volume of 206,874 shares. The company has a market capitalization of $555.05 million, a P/E ratio of 42.63 and a beta of 0.52. Photronics has a 12-month low of $7.55 and a 12-month high of $12.10. The firm’s 50-day moving average price is $8.53 and its 200 day moving average price is $10.02.
Photronics (NASDAQ:PLAB) last issued its earnings results on Monday, August 14th. The semiconductor company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.03). Photronics had a return on equity of 1.33% and a net margin of 2.97%. The firm had revenue of $111.60 million during the quarter, compared to analysts’ expectations of $115.14 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. On average, analysts predict that Photronics will post $0.19 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on the company. ValuEngine upgraded Photronics from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub downgraded Photronics from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Finally, Zacks Investment Research downgraded Photronics from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Photronics presently has a consensus rating of “Hold” and an average price target of $12.00.
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In related news, VP Christopher J. Progler sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $10.05, for a total transaction of $40,200.00. Following the completion of the sale, the vice president now directly owns 78,900 shares in the company, valued at approximately $792,945. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.71% of the stock is currently owned by corporate 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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