Photronics, Inc. (NASDAQ:PLAB) SVP Sean T. Smith sold 12,500 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $9.43, for a total value of $117,875.00. Following the completion of the sale, the senior vice president now directly owns 152,858 shares of the company’s stock, valued at approximately $1,441,450.94. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Photronics, Inc. (NASDAQ PLAB) traded down $0.20 during trading on Wednesday, reaching $9.00. The company’s stock had a trading volume of 522,500 shares, compared to its average volume of 573,894. Photronics, Inc. has a fifty-two week low of $7.55 and a fifty-two week high of $12.10. The firm has a market cap of $620.45, a P/E ratio of 46.00, a price-to-earnings-growth ratio of 2.30 and a beta of 0.53. The company has a quick ratio of 5.20, a current ratio of 5.49 and a debt-to-equity ratio of 0.07.
Photronics (NASDAQ:PLAB) last announced its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. Photronics had a return on equity of 1.55% and a net margin of 2.91%. The business had revenue of $121.00 million during the quarter, compared to the consensus estimate of $112.17 million. During the same quarter last year, the firm posted $0.05 EPS. The company’s quarterly revenue was up 12.7% on a year-over-year basis. sell-side analysts expect that Photronics, Inc. will post 0.4 EPS for the current year.
Several equities research analysts have recently commented on PLAB shares. DA Davidson reissued a “buy” rating and issued a $13.00 price objective on shares of Photronics in a report on Monday, November 27th. Zacks Investment Research raised Photronics from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Finally, BidaskClub downgraded Photronics from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th.
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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.
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