Share on StockTwits

Planar Systems (NASDAQ:PLNR)’s share price reached a new 52-week high on Friday , Analyst Ratings Network reports. The company traded as high as $4.43 and last traded at $4.41, with a volume of 617,943 shares traded. The stock had previously closed at $4.22.

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

The stock’s 50-day moving average is $3.1 and its 200-day moving average is $2.44. The company has a market cap of $97.1 million and a P/E ratio of 65.94.

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.

In other Planar Systems news, Director David Sandberg sold 31,500 shares of the company’s stock on the open market in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this link.

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.