StockNews.com lowered shares of Photronics (NASDAQ:PLAB – Free Report) from a buy rating to a hold rating in a research note issued to investors on Friday.
Photronics Stock Performance
Photronics stock opened at $23.37 on Friday. Photronics has a fifty-two week low of $18.03 and a fifty-two week high of $34.16. The stock has a market cap of $1.48 billion, a P/E ratio of 10.82 and a beta of 1.40. The firm’s fifty day moving average price is $23.96 and its 200-day moving average price is $26.06.
Photronics (NASDAQ:PLAB – Get Free Report) last released its quarterly earnings results on Thursday, August 29th. The semiconductor company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). The firm had revenue of $211.00 million for the quarter, compared to analysts’ expectations of $225.00 million. Photronics had a net margin of 16.22% and a return on equity of 9.46%. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 EPS. On average, analysts predict that Photronics will post 2.08 earnings per share for the current year.
Institutional Inflows and Outflows
Photronics Company Profile
Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates.
Further Reading
- Five stocks we like better than Photronics
- Why Invest in 5G? How to Invest in 5G Stocks
- 3 Stocks That Could Rise on European Bank Interest Rate Cuts
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- Take Advantage of Village Farms Stock as Cannabis Market Evolves
- How to Invest in the Best Canadian Stocks
- MarketBeat Week in Review – 9/16 – 9/20
Receive News & Ratings for Photronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Photronics and related companies with MarketBeat.com's FREE daily email newsletter.