Photronics VP Christopher Progler Unloads 3,250 Shares (PLAB)
Photronics (NASDAQ:PLAB) VP Christopher Progler unloaded 3,250 shares of Photronics stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $8.94, for a total value of $29,055.00. Following the completion of the transaction, the vice president now directly owns 55,800 shares in the company, valued at approximately $498,852. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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 (NASDAQ:PLAB) traded down 1.55% during mid-day trading 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’s 50-day moving average is $8.54 and its 200-day moving average is $8.10. The company has a market cap of $542.8 million and a price-to-earnings ratio of 31.14.
Photronics (NASDAQ:PLAB) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.09 earnings per share for the quarter, beating the analysts’ 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 in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis.
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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