Photronics Incorporated (Nasdaq:PLAB) hit a new 52-week high Wednesday as it changed hands at $7.71 compared with its previous 52-week high of $7.25. Photronics is currently trading at $7.71 with 286,560 shares changing hands as of 9:31 a.m..
NEW YORK ( TheStreet) -- Photronics Incorporated (Nasdaq: PLAB) hit a new 52-week high Wednesday as it traded at $7.71 compared with its previous 52-Week high of $7.25. Photronics is changing hands at $7.71 with 286,560 shares traded as of 9:31 a.m. ET. Average volume has been 527,400 shares over the past 30 days. Photronics has a market cap of $365.2 million and is part of the technology sector and electronics industry. Shares are up 13.7% year to date as of the close of trading on Tuesday. Photronics, Inc. engages in the manufacture and sale of photomasks primarily in the United States, Europe, and Asia. The company has a P/E ratio of 15.7, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Photronics as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Photronics Ratings Report.