Somewhat Negative News Coverage Extremely Likely to Impact Photronics (PLAB) Stock Price
News articles about Photronics (NASDAQ:PLAB) have been trending somewhat negative on Thursday, Alpha One reports. Alpha One, a division of Accern, rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Photronics earned a media sentiment score of -0.05 on Alpha One’s scale. Alpha One also assigned press coverage about the semiconductor company an impact score of 93 out of 100, meaning that recent media coverage is extremely likely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have effected Alpha One Sentiment Analysis’s scoring:
- Photronics, Inc. breached its 50 day moving average in a Bullish Manner : PLAB-US : April 20, 2017 (finance.yahoo.com)
- $0.05 Earnings Per Share Expected for Photronics, Inc. (PLAB) This Quarter (americanbankingnews.com)
- Photronics, Inc. (PLAB) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Photronics (PLAB) Earns Media Impact Score of 0.09 (americanbankingnews.com)
- Photronics, Inc. (PLAB) Short Interest Update (americanbankingnews.com)
Photronics (NASDAQ:PLAB) traded up 0.90% during trading on Thursday, hitting $11.15. 906,794 shares of the stock were exchanged. The stock has a market cap of $766.32 million, a P/E ratio of 28.23 and a beta of 0.52. The stock has a 50 day moving average of $10.79 and a 200-day moving average of $10.80. Photronics has a 52 week low of $8.20 and a 52 week high of $12.10.
Photronics (NASDAQ:PLAB) last posted its quarterly earnings data on Wednesday, February 15th. The semiconductor company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. Photronics had a net margin of 9.56% and a return on equity of 4.06%. The business had revenue of $109.80 million for the quarter, compared to analyst estimates of $108.88 million. During the same quarter in the previous year, the firm posted $0.17 earnings per share. Photronics’s quarterly revenue was down 15.5% on a year-over-year basis. Equities analysts expect that Photronics will post $0.44 EPS for the current fiscal year.
Separately, Zacks Investment Research raised shares of Photronics from a “sell” rating to a “hold” rating in a research report on Saturday, March 18th. Three equities research 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 “Hold” and an average price target of $13.00.
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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.
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