Photronics Inc (NASDAQ: PLAB) stock closed at $29.09 on 12/14/23 after a major increase of 10.9%. Moreover, exceptionally high trading volume at 274% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 41.8% during the last week.
Current PriceTarget Research Rating
PLAB’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Photronics has a current Value Trend Rating of B (Positive). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Photronics has a slightly positive Appreciation Score of 62 and a good Power Rating of 84, resulting in the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment