Camtek Ltd. (CAMT) Shares Up 3.4%
Camtek Ltd. (NASDAQ:CAMT)’s share price shot up 3.4% during mid-day trading on Thursday . The company traded as high as $2.48 and last traded at $2.40, with a volume of 97,024 shares traded. The stock had previously closed at $2.32.
A number of brokerages recently issued reports on CAMT. B. Riley restated a “buy” rating and issued a $2.75 target price on shares of Camtek in a report on Thursday, May 5th. Zacks Investment Research upgraded Camtek from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. Finally, Needham & Company LLC restated a “buy” rating on shares of Camtek in a report on Monday, March 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $2.94.
The firm’s market capitalization is $84.84 million. The company has a 50 day moving average of $2.11 and a 200 day moving average of $2.01.
Camtek (NASDAQ:CAMT) last issued its earnings results on Thursday, May 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.06. The company had revenue of $24.50 million for the quarter, compared to analyst estimates of $25.83 million. Equities analysts expect that Camtek Ltd. will post $0.10 EPS for the current 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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