StockNews.com upgraded shares of Photronics (NASDAQ:PLAB – Free Report) from a hold rating to a buy rating in a report issued on Thursday morning.
Photronics Stock Up 3.9 %
NASDAQ:PLAB opened at $23.65 on Thursday. Photronics has a twelve month low of $18.03 and a twelve month high of $34.16. The company has a fifty day moving average of $24.21 and a 200-day moving average of $26.27. The firm has a market capitalization of $1.50 billion, a P/E ratio of 10.95 and a beta of 1.40.
Photronics (NASDAQ:PLAB – Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The semiconductor company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.05). The company had revenue of $211.00 million during the quarter, compared to the consensus estimate of $225.00 million. Photronics had a net margin of 16.22% and a return on equity of 9.46%. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period last year, the firm posted $0.51 earnings per share. On average, analysts anticipate that Photronics will post 2.08 EPS for the current fiscal year.
Institutional Investors Weigh In On Photronics
About Photronics
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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