Share on StockTwits

Planar Systems (NASDAQ:PLNR) Director Red Oak Partners, Llc unloaded 126,678 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $3.78, for a total value of $478,842.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Planar Systems (NASDAQ:PLNR) traded up 4.05% on Friday, hitting $3.85. 364,752 shares of the company’s stock traded hands. Planar Systems has a one year low of $1.76 and a one year high of $3.99. The stock’s 50-day moving average is $2.8 and its 200-day moving average is $2.38. The company has a market cap of $84.4 million and a price-to-earnings ratio of 57.81.

Planar Systems (NASDAQ:PLNR) last posted its quarterly 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 previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. Analysts expect that Planar Systems will post $0.21 EPS for the current fiscal year.

PLNR has been the subject of a number of recent research reports. 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.