reasonable P/E ratio 23
Average analysts price target $16.67 | BUY
Company profile
Photronics, Inc. engages in the manufacture of photomasks. It manufactures of semiconductors and flat panel displays, and are used as masters to transfer circuit patterns onto semiconductor wafers and flat panel substrates during the fabrication of integrated circuits, and a...
Hi, today we are going to talk about Photronics and its current landscape.
The American semiconductor photomask manufacturer has been under a positive confluence of events as the company had reported better than expected sales results on its fourth quarter, Photronics also has issued EPS and sales guidance for the first quarter of 2020 above estimates, with a...
Earnings beat by 33 or .02 released this morning, Inverted head and shoulders on daily within larger symmetrical triangle on weekly. measure rule implies a 2.91 or 38.7% increase to PT $12.3.
If initial target is reached, symmetrical triangle will break out very bullishly (far away from apex; measuring rule for this implies a $19.84 gain or 165%!
