Camtek Ltd. (CAMT) Stock Price Up 10.3%
Camtek Ltd. (NASDAQ:CAMT)’s share price rose 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. The stock had previously closed at $2.03.
CAMT has been the subject of a number of research reports. Zacks Investment Research cut shares of Camtek from a “hold” rating to a “sell” rating in a research note on Friday, May 6th. Needham & Company LLC reissued a “buy” rating on shares of Camtek in a research note on Monday, March 28th. Finally, B. Riley reissued a “buy” rating and issued a $2.75 price target on shares of Camtek in a research note on Tuesday, May 10th. One research 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’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $2.94.
Camtek (NASDAQ:CAMT) last announced its earnings results on Thursday, May 5th. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.06. The business had revenue of $24.50 million for the quarter, compared to analyst estimates of $25.83 million.
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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