Favorable Media Coverage Somewhat Unlikely to Impact Photronics (NASDAQ:PLAB) Stock Price

Press coverage about Photronics (NASDAQ:PLAB) has trended positive on Monday, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Photronics earned a news sentiment score of 0.37 on Accern’s scale. Accern also assigned media headlines about the semiconductor company an impact score of 44 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Shares of Photronics (NASDAQ:PLAB) traded up 1.04% during mid-day trading on Monday, reaching $9.70. The company had a trading volume of 186,099 shares. The firm’s 50-day moving average is $10.21 and its 200 day moving average is $10.92. The company has a market capitalization of $668.06 million, a price-to-earnings ratio of 39.11 and a beta of 0.47. Photronics has a 12 month low of $8.20 and a 12 month high of $12.10.

Photronics (NASDAQ:PLAB) last announced its quarterly earnings results on Wednesday, May 17th. The semiconductor company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by $0.02. The business had revenue of $108.30 million for the quarter, compared to analyst estimates of $111.16 million. Photronics had a return on equity of 1.84% and a net margin of 3.81%. Photronics’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same period last year, the firm earned $0.13 EPS. On average, equities research analysts predict that Photronics will post $0.28 earnings per share for the current year.

Several equities research analysts have recently commented on PLAB shares. Zacks Investment Research downgraded Photronics from a “hold” rating to a “sell” rating in a report on Friday, May 19th. ValuEngine raised Photronics from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $13.50.

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Photronics Company Profile

Photronics, Inc is a manufacturer of photomasks, which are photographic quartz plates containing microscopic images of electronic circuits. As of October 30, 2016, the Company operated principally from nine manufacturing facilities: two located in Europe, three in Taiwan, one in Korea and three in the United States.

Insider Buying and Selling by Quarter for Photronics (NASDAQ:PLAB)

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