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Zacks Investment Research downgraded Photronics, Inc. (NASDAQ:PLAB) to Sell in a report released today.

Zacks Investment Research has downgraded Photronics, Inc.(NASDAQ:PLAB) to Sell in a statement released on 8/20/2016.

On 5/19/2016, Needham released a statement for Photronics, Inc.(NASDAQ:PLAB) lowered the target price from $13.00 to $12.00. At the time, this suggested an upside of 0.28%.

Boasting a price of $9.22, Photronics, Inc. (NASDAQ:PLAB) traded 2.51% lower on the day. With the last stock price close down 0.64% from the 200-day average, compared to the S&P 500 which has decreased -0.01% over the date range. PLAB has been tracking to a 50-day average of $9.69 and 200-day average of $9.79. Trade volume was was up over the average, with 541,075 shares of PLAB changing hands over the typical 348,288 shares.

Performance Graphic:

Photronics, Inc. (NASDAQ:PLAB)

With a total market value of $0.0, Photronics, Inc. has a PE of 12 with a one-year low of $8.56 and a 52 week high of $13.05.

In addition to Zacks Investment Research reporting it’s price target, a total of 5 analysts have released a ratings update on the stock. The one year target price is $12.80 with two firms rating the stock a strong buy, three analysts rating the company a buy, 0 firms rating the stock a hold, 0 rating the stock to underperform, and finally 0 analystsrating the stock as sell.

Brief Synopsis About 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, and Korea and the United States.

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