Planar Systems Director Sells $132,300 in Stock (PLNR)
Planar Systems (NASDAQ:PLNR) Director David Sandberg sold 31,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $4.20, for a total value of $132,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Planar Systems (NASDAQ:PLNR) traded down 2.09% during mid-day trading on Thursday, hitting $4.22. 659,731 shares of the company’s stock traded hands. Planar Systems has a 1-year low of $1.77 and a 1-year high of $4.39. The stock has a 50-day moving average of $3.1 and a 200-day moving average of $2.44. The company has a market cap of $92.5 million and a price-to-earnings ratio of 67.34.
Planar Systems (NASDAQ:PLNR) last released its earnings data on Thursday, July 31st. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that Planar Systems will post $0.21 EPS for the current fiscal year.
A number of analysts have recently weighed in on PLNR shares. Analysts at B. Riley downgraded shares of Planar Systems from a “buy” rating to a “neutral” rating in a research note on Thursday. They now have a $4.30 price target on the stock, up previously from $3.10. They noted that the move was a valuation call. Separately, 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.
Planar Systems, Inc (NASDAQ:PLNR) is engaged in developing, manufacturing and marketing electronic display products and systems.
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