Photronics Inc (NASDAQ: PLAB) has reported E.P.S. of $0.59 for its second fiscal quarter (ending April 30) versus $0.65 for the same period a year ago. For the latest four quarters through April 30, E.P.S. were $2.18 versus $2.00 for the same period a year ago.
Recent Price Action
Photronics Inc (NASDAQ: PLAB) stock suffered a large decline of -6.9% on 5/22/24. The stock closed at $26.32. Moreover, trading volume in this decline was exceptionally high at 472% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -9.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, PLAB is expected to continue to be a Value Builder.
Photronics has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Photronics has a slightly positive Appreciation Score of 62 and a good Power Rating of 84, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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