Planar Systems CFO Sells $121,250 in Stock (PLNR)
Planar Systems (NASDAQ:PLNR) CFO Ryan W. Gray sold 25,000 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $4.85, for a total value of $121,250.00. Following the completion of the transaction, the chief financial officer now directly owns 93,661 shares of the company’s stock, valued at approximately $454,256. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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, August 21st. 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 (NASDAQ:PLNR) traded up 2.73% on Tuesday, hitting $4.89. The stock had a trading volume of 836,223 shares. Planar Systems has a 1-year low of $1.77 and a 1-year high of $5.05. The stock has a 50-day moving average of $3.2 and a 200-day moving average of $2.49. The company has a market cap of $107.2 million and a price-to-earnings ratio of 74.38.
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.
Planar Systems, Inc (NASDAQ:PLNR) is engaged in developing, manufacturing and marketing electronic display products and systems.
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