NEW YORK ( TheStreet) -- Shares of Photronics Incorporated (Nasdaq: PLAB) were gapping up Wednesday morning with an open price 12.8% higher than Tuesday's closing price. The stock closed at $5.62 Tuesday and opened today's trading at $6.34.

The average volume for Photronics has been 847,200 shares per day over the past 30 days. Photronics has a market cap of $363.9 million and is part of the technology sector and electronics industry. Shares are down 4.9% 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 28.1, below the average electronics industry P/E ratio of 36.4 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Photronics as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full Photronics Ratings Report.

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