Somewhat Positive News Coverage Somewhat Unlikely to Affect Photronics (PLAB) Stock Price

News headlines about Photronics (NASDAQ:PLAB) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Photronics earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 45.1315309467033 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Shares of Photronics stock traded up $0.02 during mid-day trading on Thursday, hitting $8.37. 57,782 shares of the stock were exchanged, compared to its average volume of 511,395. Photronics has a 12 month low of $7.20 and a 12 month high of $11.75. The company has a quick ratio of 5.28, a current ratio of 5.59 and a debt-to-equity ratio of 0.06. The stock has a market cap of $576.50, a P/E ratio of 44.05, a P/E/G ratio of 2.17 and a beta of 0.53.

Photronics (NASDAQ:PLAB) last posted its earnings results on Wednesday, February 14th. The semiconductor company reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.03. Photronics had a net margin of 3.68% and a return on equity of 1.96%. The firm had revenue of $123.40 million for the quarter, compared to analysts’ expectations of $114.13 million. During the same quarter last year, the firm earned $0.03 EPS. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. equities analysts anticipate that Photronics will post 0.38 EPS for the current year.

PLAB has been the topic of several recent analyst reports. ValuEngine cut shares of Photronics from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. BidaskClub raised shares of Photronics from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. Finally, Zacks Investment Research raised shares of Photronics from a “sell” rating to a “hold” rating in a research report on Friday, February 16th.

In related news, VP Christopher J. Progler sold 3,750 shares of Photronics stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $8.10, for a total value of $30,375.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Constantine S. Macricostas sold 200,000 shares of Photronics stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $7.75, for a total transaction of $1,550,000.00. Following the completion of the sale, the director now directly owns 692,575 shares in the company, valued at approximately $5,367,456.25. The disclosure for this sale can be found here. Insiders sold a total of 606,870 shares of company stock worth $4,698,895 in the last ninety days. 3.73% of the stock is currently owned by 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.

Insider Buying and Selling by Quarter for Photronics (NASDAQ:PLAB)

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