Stock Rating Upgrade
In the last week the Value Trend Rating for Photronics Inc (NASDAQ: PLAB) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Photronics Inc (NASDAQ: PLAB) stock closed at $23.49 on 8/1/24 after a large decline of -7.6%. NORMAL trading volume accompanied the decline. The stock has declined -7.9% during the last week and has performed in line with the market over the last nine months.
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 B (Positive). This VT Rating improved in recent days from C previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Photronics has a neutral Power Rating of 56 and a slightly positive Appreciation Score of 68, triggering the Positive Value Trend Rating.
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