StockNews.com lowered shares of Photronics (NASDAQ:PLAB – Free Report) from a buy rating to a hold rating in a research note published on Friday.
Photronics Stock Down 1.6 %
PLAB opened at $23.37 on Friday. The firm has a 50-day moving average price of $23.96 and a 200-day moving average price of $26.06. Photronics has a twelve month low of $18.03 and a twelve month high of $34.16. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 10.82 and a beta of 1.40.
Photronics (NASDAQ:PLAB – Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The semiconductor company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). The business had revenue of $211.00 million during the quarter, compared to analysts’ expectations of $225.00 million. Photronics had a net margin of 16.22% and a return on equity of 9.46%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. On average, sell-side analysts expect that Photronics will post 2.08 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Photronics Company Profile
Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates.
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