NEW YORK ( TheStreet) -- Shares of Photronics Incorporated (Nasdaq: PLAB) were gapping up Wednesday morning with an open price 12.9% higher than Tuesday's closing price. The stock closed at $6.72 Tuesday and opened today's trading at $7.59. The average volume for Photronics has been 527,400 shares per day over the past 30 days. Photronics has a market cap of $365.2 million and is part of the technology sector and electronics industry. 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.