Photronics Inc (PLAB) Shares Gap Down to $24.675 on Nov 27

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19 hours ago

Shares of Photronics Inc (PLAB, Financial) fell 2.70% in mid-day trading on Nov 27. The stock reached an intraday low of $24.54, before recovering slightly to $24.68, down from its previous close of $25.36. This places PLAB 27.77% below its 52-week high of $34.16 and 21.84% above its 52-week low of $20.25. Trading volume was 110,355 shares, 29.8% of the average daily volume of 369,931.

Wall Street Analysts Forecast

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Based on the one-year price targets offered by 1 analysts, the average target price for Photronics Inc (PLAB, Financial) is $32.00 with a high estimate of $32.00 and a low estimate of $32.00. The average target implies an upside of 29.69% from the current price of $24.68. More detailed estimate data can be found on the Photronics Inc (PLAB) Forecast page.

Based on the consensus recommendation from 1 brokerage firms, Photronics Inc's (PLAB, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.