Insider Selling: Christopher J. Progler Unloads 2,000 Shares of Photronics Stock (PLAB)
Photronics (NASDAQ:PLAB) VP Christopher J. Progler unloaded 2,000 shares of Photronics stock on the open market in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $8.89, for a total transaction of $17,780.00. Following the completion of the sale, the vice president now directly owns 53,800 shares in the company, valued at approximately $478,282. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Photronics (NASDAQ:PLAB) traded up 0.92% during mid-day trading on Tuesday, hitting $8.81. The stock had a trading volume of 58,229 shares. Photronics has a 52-week low of $7.03 and a 52-week high of $9.75. The stock’s 50-day moving average is $8.82 and its 200-day moving average is $8.59. The company has a market cap of $543.5 million and a price-to-earnings ratio of 19.57.
Photronics (NASDAQ:PLAB) last posted its quarterly earnings results on Monday, May 19th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. 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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