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Planar Systems (NASDAQ:PLNR) Director Red Oak Partners, Llc sold 343,408 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $3.91, for a total transaction of $1,342,725.28. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of Planar Systems (NASDAQ:PLNR) traded down 2.56% on Wednesday, hitting $3.81. The stock had a trading volume of 300,871 shares. Planar Systems has a 1-year low of $1.76 and a 1-year high of $3.99. The stock’s 50-day moving average is $2.78 and its 200-day moving average is $2.36. The company has a market cap of $83.5 million and a P/E ratio of 61.09.

Planar Systems (NASDAQ:PLNR) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.05 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.02) earnings per share. Planar Systems’s revenue was up 17.1% compared to the same quarter last year. On average, analysts predict that Planar Systems will post $0.21 earnings per share for the current fiscal year.

A number of research firms have recently commented on PLNR. 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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