Photronics (NASDAQ:PLAB – Get Free Report) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.
Photronics Stock Down 0.2 %
Shares of NASDAQ PLAB opened at $24.80 on Friday. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 11.48 and a beta of 1.40. Photronics has a 52 week low of $18.03 and a 52 week high of $34.16. The firm has a 50-day moving average price of $23.73 and a 200 day moving average price of $25.96.
Photronics (NASDAQ:PLAB – Get Free Report) last announced its quarterly earnings results on Thursday, August 29th. The semiconductor company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.05). The firm had revenue of $211.00 million for the quarter, compared to analysts’ expectations of $225.00 million. Photronics had a return on equity of 9.46% and a net margin of 16.22%. Photronics’s revenue was down 5.9% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. Equities research analysts expect that Photronics will post 2.08 EPS for the current fiscal year.
Hedge Funds Weigh In On 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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