Planar Systems Rating Increased to Buy at B. Riley (PLNR)
Planar Systems (NASDAQ:PLNR) was upgraded by investment analysts at B. Riley from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $2.50 target price on the stock, up from their previous target price of $2.40. B. Riley’s price objective indicates a potential upside of 13.64% from the stock’s previous close.
Shares of Planar Systems (NASDAQ:PLNR) opened at 2.20 on Wednesday. Planar Systems has a 52 week low of $1.55 and a 52 week high of $2.93. The stock has a 50-day moving average of $2. and a 200-day moving average of $2.29. The company’s market cap is $47.5 million.
Planar Systems (NASDAQ:PLNR) last released its earnings data on Tuesday, May 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. The company had revenue of $41.10 million for the quarter, compared to the consensus estimate of $40.32 million. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Analysts expect that Planar Systems will post $0.16 EPS for the current fiscal year.
Planar Systems, Inc (NASDAQ:PLNR) is a provider of specialty display products, solutions, and services for customers in a number of end market segments.
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