Photronics Director Sells $27,360 in Stock (PLAB)
Photronics (NASDAQ:PLAB) Director Walter M. Fiederowicz sold 3,000 shares of the stock on the open market in a transaction dated Monday, August 25th. The stock was sold at an average price of $9.12, for a total transaction of $27,360.00. Following the completion of the sale, the director now directly owns 6,000 shares in the company, valued at approximately $54,720. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Photronics (NASDAQ:PLAB) traded down 0.11% during mid-day trading on Tuesday, hitting $9.09. 232,539 shares of the company’s stock traded hands. Photronics has a 52-week low of $7.20 and a 52-week high of $9.75. The stock has a 50-day moving average of $8.43 and a 200-day moving average of $8.5. The company has a market cap of $558.5 million and a P/E ratio of 21.41.
Photronics (NASDAQ:PLAB) last released its earnings data on Tuesday, August 19th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, analysts predict that Photronics will post $0.21 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at DA Davidson raised their price target on shares of Photronics from $10.00 to $12.00 in a research note on Thursday, August 21st. They now have a “buy” rating on the stock. Analysts at Needham & Company LLC upgraded shares of Photronics from a “hold” rating to a “buy” rating in a research note on Thursday, August 21st. They now have a $11.00 price target on the stock.
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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