Photronics stock falls again as PLAB slumps after earnings, chips tumble
Photronics Inc kept falling Friday, with shares slipping another $2.19, or about 7%, to $29.33 in the latest session. The move stretched losses after the company’s earnings, as chip stocks came under pressure. The stock touched $28.87 at its low for the day. Market cap was close to $1.71 billion. Photronics was already looking for support after its May 28 results, so the timing is key here. The company makes photomasks—these are high-precision quartz or glass plates imprinted with tiny circuit patterns, used in making chips and flat screens.