Insider Selling: Walter M. Fiederowicz Sells 3,000 Shares of Photronics Stock (PLAB)
Photronics (NASDAQ:PLAB) Director Walter M. Fiederowicz sold 3,000 shares of the company’s stock on the open market in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $8.77, for a total value of $26,310.00. Following the sale, the director now directly owns 9,000 shares of the company’s stock, valued at approximately $78,930. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Photronics (NASDAQ:PLAB) opened at 9.10 on Friday. Photronics has a one year low of $7.03 and a one year high of $9.75. The stock has a 50-day moving average of $8.74 and a 200-day moving average of $8.56. The company has a market cap of $558.5 million and a price-to-earnings ratio of 19.80.
Photronics (NASDAQ:PLAB) last posted its quarterly earnings results on Monday, May 19th. The company reported $0.02 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.04 by $0.02. The company had revenue of $104.88 million for the quarter, compared to the consensus estimate of $103.20 million. During the same quarter last year, the company posted $0.08 earnings per share. Photronics’s revenue was down 1.7% compared to the same quarter last year. Analysts expect that Photronics will post $0.18 EPS for the current fiscal year.
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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