Photronics Inc is a leading manufacturer of photomasks, which are essential components used in the fabrication of semiconductors and flat panel displays. They provide high-quality photomasks that enable the production of advanced electronic devices, including integrated circuits, memory chips, and liquid crystal displays (LCDs). Photronics Inc serves a global customer base in the semiconductor and display industries, supporting their manufacturing processes and helping them meet the growing demand for innovative electronic products.

The stock of Photronics Inc, ticker symbol PLAB, is currently retesting the breakout level. Retesting occurs when the stock price revisits a previous breakout level, which was a significant resistance level that was surpassed in the past. This retest provides an opportunity to confirm the strength of the breakout and determine if it can act as a new support level. 

Traders and investors should closely monitor the price action during the retest and look for signs of a successful hold above the breakout level before considering any significant trading or investment decisions.