Photronics traded at $29.15 this Friday June 5th, decreasing $2.37 or 7.52 percent since the previous trading session. Looking back, over the last four weeks, Photronics lost 44.04 percent. Over the last 12 months, its price rose by 60.96 percent. Looking ahead, we forecast Photronics to be priced at 31.71 by the end of this quarter and at 29.85 in one year, according to Trading Economics global macro models projections and analysts expectations.
Photronics, Inc. is a manufacturer of photomasks, which is photographic quartz or glass plates containing microscopic images of electronic circuits. Photomasks are element in the manufacture of integrated circuits (ICs) and flat panel displays and are used to transfer circuit patterns onto semiconductor wafers and flat panel display substrates during the fabrication of integrated circuits, a variety of flat panel displays and, to a lesser extent, other types of electrical and optical components. The Company operates 11 manufacturing facilities, out of which three are located in Taiwan, one in Korea, three in the United States, two in Europe, and two in China.