Photronics: Time To Get Back In

Mar. 22, 2022 3:58 PM ETPhotronics, Inc. (PLAB)14 Comments
MarketGyrations profile picture


  • The stock has stalled after a big run, even though earnings growth is strong as ever thanks to an expansion that has legs to it.
  • The chart patterns reveal a certain level of resilience in PLAB despite all the recent headwinds, which bodes well going forward considering the circumstances.
  • PLAB is still relatively inexpensive with multiples where they are, especially considering the amount of ground covered in the last 12 months.
  • There are risks out there and patience may be needed, but long PLAB is worth it all things considered.

Electronics components on background of schematic circuit diagram. Concept for development and design of electronic devices.

Oleh Stefaniak/iStock via Getty Images

Photronics (NASDAQ:PLAB) has see-sawed in 2022. The stock has gone up and down this year after a furious rally towards the end of last year, which may have led some to the sidelines. However, the stock has

PLAB chart


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Welcome to my author's site. As an avid follower of SeekingAlpha, I take great interest in articles posted as the subject matter is often something that appeals to me. However, I will sometimes encounter an article that I might not agree with. My purpose is to present an alternative view to readers that they may want to take into account. I hope you find my articles interesting and informative.

Disclosure: I/we have a beneficial long position in the shares of PLAB either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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