Photronics (NASDAQ:PLAB) released its earnings data on Tuesday. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.01, American Banking and Market News reports. The company had revenue of $106.00 million for the quarter, compared to the consensus estimate of $106.05 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis.
Shares of Photronics (NASDAQ:PLAB) opened at 8.30 on Wednesday. Photronics has a 52 week low of $5.24 and a 52 week high of $8.89. The stock’s 50-day moving average is $8.2 and its 200-day moving average is $7.96. The company has a market cap of $509.3 million and a P/E ratio of 29.64.
On a related note, analysts at Needham & Company downgraded shares of Photronics from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, November 13th.
Photronics, Inc (NASDAQ:PLAB), is a manufacturers of photomasks, which are precision photographic quartz plates containing microscopic images of electronic circuits.
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