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PLAB Crosses Below Key Price/Book Valuation Level

By Market News Video Staff, Monday, May 2, 1:00 PM ET
Now Playing: The Importance of Book Value


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In trading on Monday, shares of Photronics, Inc. (NASDAQ:PLAB) crossed below their last reported book value — defined as common shareholder equity per share — of $8.55, changing hands as low as $8.31 per share. Photronics, Inc. shares are currently trading off about 4.1% on the day. The chart below shows the one year performance of PLAB shares, versus its 50 and 200 day moving averages:

Photronics, Inc. Moving Averages Chart

Looking at the chart above, PLAB's low point in its 52 week range is $3.88 per share, with $10.15 as the 52 week high point — that compares with a last trade of $8.35.

According to the ETF Finder at ETF Channel, PLAB makes up 2.43% of the Dynamic Semiconductors Portfolio ETF (AMEX:PSI) which is trading lower by about 0.9% on the day Monday.

     See what other ETFs contain PLAB »
     See what other stocks are held by PSI »

PLAB operates in the Semiconductors sector, among companies like Entegris Inc (NASDAQ:ENTG) which is down about 1.2% today, and Spansion Inc (NYSE:CODE) trading up by about 1.7%. Below is a three month price history chart comparing the stock performance of PLAB, versus ENTG and CODE.

PLAB,ENTG,CODE Relative Performance Chart


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This Article's Word Cloud:   AMEX   According   Below   Book   CODE   Channel   ENTG   ETFs   Monday   NASDAQ   PLAB   Photronics   Portfolio   Semiconductors   about   allows   among   asset   below   book   chart   companies   completely   currently   designed   growth   hands   history   last   mdash   nbsp   operates   other   performance   point   portfolio   price   range   raquo   share   shareholder   shares   stocks   terms   trading   versus   week   what   which   with
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