Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Photronics Inc (NASDAQ: PLAB) improved in recent days. PLAB’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Photronics Inc (NASDAQ: PLAB) stock declined modestly by -1.4% on 12/27/24. The stock closed at $23.92. However, trading volume in this decline was unusually low at 62% of normal. The stock has been weak relative to the market over the last nine months and has declined -4.0% during the last week.
Current PriceTarget Research Rating
Photronics has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Photronics has a neutral Appreciation Score of 54 and a slightly negative Power Rating of 34, and the Low Neutral Value Trend Rating results.
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