StockNews.com lowered shares of Photronics (NASDAQ:PLAB – Free Report) from a buy rating to a hold rating in a research report released on Friday morning.
Photronics Stock Down 1.6 %
Shares of PLAB opened at $23.37 on Friday. 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 has a 52-week low of $18.03 and a 52-week high of $34.16. The stock has a 50 day moving average price of $23.96 and a 200 day moving average price of $26.10.
Photronics (NASDAQ:PLAB – Get Free Report) last issued its earnings results on Thursday, August 29th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.05). Photronics had a net margin of 16.22% and a return on equity of 9.46%. The company had revenue of $211.00 million during the quarter, compared to analyst estimates of $225.00 million. During the same quarter in the previous year, the company posted $0.51 EPS. The company’s quarterly revenue was down 5.9% on a year-over-year basis. On average, equities analysts anticipate that Photronics will post 2.08 EPS for the current fiscal year.
Institutional Trading of Photronics
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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