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Planar Systems (NASDAQ:PLNR) CEO Gerald K. Perkel sold 51,188 shares of the stock on the open market in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $4.91, for a total value of $251,333.08. Following the sale, the chief executive officer now directly owns 733,897 shares in the company, valued at approximately $3,603,434. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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, 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 down 1.21% during mid-day trading on Thursday, hitting $4.88. The stock had a trading volume of 721,233 shares. Planar Systems has a one year low of $1.77 and a one year high of $5.12. The stock’s 50-day moving average is $3.38 and its 200-day moving average is $2.52. The company has a market cap of $107.0 million and a P/E ratio of 77.19.

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. 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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