Why Phototronics (PLAB) Stock Is Up Today

NEW YORK (TheStreet) -- Shares of Phototronics Inc. (PLAB) are up 2.35% to $8.71 after the semiconductor equipment manufacturer late yesterday reported third quarter financial results that beat expectations.

The company reported seven cents profit per share, exceeding the analyst estimates by a 1 cent, as revenue jumped 14% over the previous year to $124.9 million, ahead of the $122.7 million expected by analysts.

TheStreet Ratings team rates PHOTRONICS INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate PHOTRONICS INC (PLAB) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good."

. PLAB Chart PLAB data by YCharts

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