Photronics Director Walter Fiederowicz Unloads 32,000 Shares (PLAB)
Photronics (NASDAQ:PLAB) Director Walter Fiederowicz sold 32,000 shares of the stock on the open market in a transaction dated Monday, December 30th. The shares were sold at an average price of $8.93, for a total value of $285,760.00. Following the sale, the director now directly owns 12,000 shares of the company’s stock, valued at approximately $107,160. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Photronics (NASDAQ:PLAB) traded down 1.55% on Thursday, hitting $8.89. The stock had a trading volume of 134,594 shares. Photronics has a 52 week low of $5.71 and a 52 week high of $9.75. The stock has a 50-day moving average of $8.54 and a 200-day moving average of $8.10. The company has a market cap of $542.8 million and a P/E ratio of 31.14.
Photronics (NASDAQ:PLAB) last announced its earnings results on Tuesday, December 10th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $106.00 million for the quarter, compared to the consensus estimate of $106.05 million. During the same quarter last year, the company posted $0.07 earnings per share. Photronics’s revenue was up 1.7% compared to the same quarter last year.
Several analysts have recently commented on the stock. Analysts at UBS AG raised their price target on shares of Photronics from $8.00 to $11.00 in a research note to investors on Friday, December 13th. They now have a “buy” rating on the stock. Analysts at Needham & Company downgraded shares of Photronics from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, November 13th.
Photronics, Inc (NASDAQ:PLAB), is a manufacturers of photomasks, which are precision photographic quartz plates containing microscopic images of electronic circuits.
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