Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Photronics (PLAB) Share Price
News articles about Photronics (NASDAQ:PLAB) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Photronics earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 46.1044186445043 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Brokerages Anticipate Photronics, Inc. (PLAB) Will Announce Quarterly Sales of $114.10 Million (americanbankingnews.com)
- Photronics, Inc. – Value Analysis (NASDAQ:PLAB) : December 6, 2017 (finance.yahoo.com)
- Insider Selling: Photronics, Inc. (PLAB) SVP Sells 12,500 Shares of Stock (americanbankingnews.com)
- Photronics, Inc. breached its 50 day moving average in a Bearish Manner : PLAB-US : December 5, 2017 (finance.yahoo.com)
- DA Davidson Weighs in on Photronics, Inc.’s Q4 2018 Earnings (PLAB) (americanbankingnews.com)
A number of analysts recently commented on PLAB shares. BidaskClub cut Photronics from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Zacks Investment Research upgraded Photronics from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, DA Davidson reiterated a “buy” rating and set a $13.00 price objective on shares of Photronics in a research report on Monday, November 27th.
Photronics (PLAB) remained flat at $$9.12 during trading on Friday. 397,400 shares of the company’s stock were exchanged, compared to its average volume of 573,511. The company has a market cap of $629.07, a PE ratio of 45.63, a PEG ratio of 2.28 and a beta of 0.53. The company has a debt-to-equity ratio of 0.07, a current ratio of 5.49 and a quick ratio of 5.20. Photronics has a 52-week low of $7.55 and a 52-week high of $12.10.
Photronics (NASDAQ:PLAB) last posted its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The company had revenue of $121.00 million during the quarter, compared to analysts’ expectations of $112.17 million. Photronics had a return on equity of 1.55% and a net margin of 2.91%. Photronics’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.05 earnings per share. equities analysts predict that Photronics will post 0.4 EPS for the current fiscal year.
In other Photronics news, VP Christopher J. Progler sold 4,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $9.55, for a total transaction of $38,200.00. Following the completion of the sale, the vice president now owns 78,900 shares of the company’s stock, valued at $753,495. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Sean T. Smith sold 25,000 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $9.19, for a total value of $229,750.00. Following the sale, the senior vice president now directly owns 165,358 shares of the company’s stock, valued at approximately $1,519,640.02. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 6,000 shares of company stock valued at $50,050 and have sold 86,000 shares valued at $798,288. 3.71% of the stock is currently owned by corporate insiders.
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Photronics Company Profile
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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