Stock Rating Downgrade
In recent days the Value Trend Rating for Photronics Inc (NASDAQ: PLAB) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 7/29/24, Photronics Inc (NASDAQ: PLAB) stock declined modestly by -1.6%, closing at $25.20. However, trading volume in this decline was below average at 68% of normal. The stock has performed in line with the market over the last nine months and has declined -2.4% 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 C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Photronics has a neutral Power Rating of 55 and a slightly positive Appreciation Score of 68, with the High Neutral Value Trend Rating the result.
Be the first to comment