Why Photronics Rocketed 48.5% Higher in December

From Nasdaq:

Photronics’ stock, NASDAQ: PLAB, surged 48.5% in December after the company reported impressive fourth fiscal quarter earnings. The semiconductor maker outperformed the overall industry, with its sixth consecutive year of growth. The company’s resilient revenue grew 8% in the fourth quarter, and non-GAAP earnings were up 19.2% to $0.60 per share. Analysts believe the stock is still undervalued at just 14 times earnings, prompting value investors to give Photronics a look, even after its December surge.

However, the Motley Fool Stock Advisor did not include Photronics in its identified 10 best stocks to buy now.



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