Photronics Rises On Unusually High Volume (PLAB)

NEW YORK ( TheStreet) -- Photronics Incorporated (Nasdaq: PLAB) is trading at unusually high volume Wednesday with 2.1 million shares changing hands. It is currently at four times its average daily volume and trading up 99 cents (+14.7%) at $7.71 as of 12:52 p.m. ET. 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.

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