Camtek Ltd. (CAMT) Trading 10.3% Higher
Shares of Camtek Ltd. (NASDAQ:CAMT) traded up 10.3% during trading on Wednesday . The company traded as high as $2.30 and last traded at $2.24, with a volume of 66,918 shares traded. The stock had previously closed at $2.03.
Several equities analysts have recently issued reports on the company. B. Riley reissued a “buy” rating and issued a $2.75 price objective on shares of Camtek in a report on Thursday, May 5th. Zacks Investment Research raised Camtek from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Needham & Company LLC reissued a “buy” rating on shares of Camtek in a report on Monday, March 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $2.94.
The firm’s market capitalization is $77.06 million. The firm has a 50-day moving average price of $2.03 and a 200-day moving average price of $2.00.
Camtek (NASDAQ:CAMT) last posted its earnings results on Thursday, May 5th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by $0.06. The company earned $24.50 million during the quarter, compared to analysts’ expectations of $25.83 million. Equities analysts forecast that Camtek Ltd. will post $0.10 earnings per share for the current fiscal year.
Camtek Ltd. (Camtek) designs, develops, manufactures and markets automated solutions for production processes and for the semiconductor fabrication and printed circuit boards industries. The Company offers products-based on two core technologies: AOI and functional ink technology (FIT). The Company’s AOI systems are computerized systems that optically inspect various types of electronic product components.
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