Photronics Sees Large Volume Increase After Earnings Beat (PLAB)
Shares of Photronics (NASDAQ:PLAB) saw an uptick in trading volume on Wednesday following a better than expected earnings announcement, American Banking and Market News reports. 222,232 shares traded hands during trading, an increase of 38% from the previous session’s volume of 161,458 shares.The stock last traded at $8.52 and had previously closed at $8.51.
The company reported $0.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.05 by $0.02. The company had revenue of $124.90 million for the quarter, compared to the consensus estimate of $122.53 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 13.9% on a year-over-year basis.
The stock’s 50-day moving average is $8.39 and its 200-day moving average is $8.54. The company has a market cap of $525.6 million and a price-to-earnings ratio of 19.08.
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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