Zacks Investment Research downgraded Photronics, Inc. (NASDAQ:PLAB) to Sell in a report released today.
- Updated: September 25, 2016
Zacks Investment Research has downgraded Photronics, Inc. (NASDAQ:PLAB) to Sell in a report released on 9/21/2016.
Yesterday Photronics, Inc. (NASDAQ:PLAB) traded 2.22% higher at $9.87. The company’s 50-day moving average is $9.77 and its 200-day moving average is $9.80. The last stock close price is up 7.97% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 481,907 shares of the stock were exchanged, up from an average trading volume of 358,369
Recent Performance Chart
Photronics, Inc. has PE ratio of 12.98 with a one year low of $8.56 and a one year high of $13.05 and has a market capitalization of $0.
A total of 5 brokers have released a ratings update on PLAB. 2 analysts rating the company a strong buy, 3 brokers rating the stock a buy, zero firms rating the stock a hold, 0 brokers rating the stock a underperform, and finally zero equity analysts rating the company a sell with a 12-month price target of $12.80.
General Company Details For Photronics, Inc. (NASDAQ:PLAB)
Photronics, Inc. is a manufacturer of photomasks, which are photographic quartz plates containing microscopic images of electronic circuits. The Company supports customers across the full spectrum of integrated circuit (IC) production and flat panel display (FPD) technologies by manufacturing photomasks using electron beam or optical (laser-based) systems. The end markets served with IC photomasks include devices used for microprocessors, memory, telecommunications and related applications. The Company sells products to manufacturers in the semiconductor and FPD industries in North America, Europe and Asia. In the case of ICs, the Company includes photomasks at and below the 45 nanometer technology node and, for FPDs, at and above the Generation 8 technology node and active-matrix organic light-emitting diode display screens. The Company operates principally from over nine manufacturing facilities, which are located in Europe, Taiwan, Korea and the United States.
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