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Planar Systems (NASDAQ:PLNR) Director Red Oak Partners, Llc sold 65,228 shares of the stock on the open market in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $3.76, for a total transaction of $245,257.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Planar Systems (NASDAQ:PLNR) traded up 4.81% during mid-day trading on Monday, hitting $3.92. 766,356 shares of the company’s stock traded hands. Planar Systems has a 52-week low of $1.76 and a 52-week high of $3.99. The stock has a 50-day moving average of $2.74 and a 200-day moving average of $2.35. The company has a market cap of $84.2 million and a price-to-earnings ratio of 58.44.

Planar Systems (NASDAQ:PLNR) last announced its earnings results on Thursday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $43.90 million for the quarter, compared to the consensus estimate of $42.80 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was up 17.1% on a year-over-year basis. On average, analysts predict that Planar Systems will post $0.21 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on PLNR shares. Analysts at Zacks upgraded shares of Planar Systems from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 6th. They now have a $4.00 price target on the stock. Analysts at B. Riley reiterated a “buy” rating on shares of Planar Systems in a research note on Friday, August 1st. They now have a $3.10 price target on the stock, up previously from $3.00.

Planar Systems, Inc (NASDAQ:PLNR) is engaged in developing, manufacturing and marketing electronic display products and systems.

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