Planar Systems Hits New 1-Year High at $5.15 (PLNR)
Shares of Planar Systems (NASDAQ:PLNR) hit a new 52-week high during trading on Tuesday , AmericanBankingNews.com reports. The company traded as high as $5.15 and last traded at $5.04, with a volume of 658,743 shares changing hands. The stock had previously closed at $4.99.
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.
The stock’s 50-day moving average is $3.47 and its 200-day moving average is $2.54. The company has a market cap of $111.2 million and a price-to-earnings ratio of 77.97.
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, CEO Gerald K. Perkel sold 51,188 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $4.91, for a total transaction of $251,333.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Planar Systems, Inc (NASDAQ:PLNR) is engaged in developing, manufacturing and marketing electronic display products and systems.
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