Photronics, Inc. (NASDAQ:PLAB) VP Richelle E. Burr sold 3,000 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $11.83, for a total transaction of $35,490.00. Following the completion of the sale, the vice president now directly owns 60,524 shares of the company’s stock, valued at approximately $715,998.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of PLAB stock traded down $0.38 during mid-day trading on Tuesday, hitting $11.27. 1,141,334 shares of the stock traded hands, compared to its average volume of 517,940. Photronics, Inc. has a twelve month low of $7.95 and a twelve month high of $12.63. The firm has a market cap of $762.05 million, a price-to-earnings ratio of 19.43 and a beta of 0.46. The company’s 50-day simple moving average is $11.82 and its 200-day simple moving average is $9.96. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.39 and a current ratio of 2.64.
A number of equities analysts recently issued reports on PLAB shares. Zacks Investment Research lowered shares of Photronics from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. BidaskClub downgraded shares of Photronics from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 21st. Finally, Northland Securities set a $15.00 price target on shares of Photronics and gave the stock a “buy” rating in a research report on Monday, October 21st. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Photronics has an average rating of “Buy” and an average target price of $13.00.
Photronics, Inc, together with its subsidiaries, manufactures and sells photomasks in Taiwan, Korea, the United States, Europe, and internationally. The company offers photomasks, which are high precision photographic quartz or glass plates containing microscopic images of electronic circuits for use in the manufacture of semiconductors and flat panel displays (FPDs), as well as that are used as masters to transfer circuit patterns onto semiconductor wafers and flat panel display substrates during the fabrication of integrated circuits, FPDs, and other types of electrical and optical components.
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