The declining share price has brought Photronics' price-to-earnings (P/E) ratio to a level near its all-time low. The firm's forward P/E ratio is roughly 7.94. Add to that the fact that analysts expect the share price to nearly double and a Buy rating, and investors may wish to take a closer look at a company poised to thrive when the industry rebounds.
https://www.marketbeat.com/originals/buy-the-dip-top-tech-stocks-analysts-say-are-undervalued/