Camtek Ltd. (CAMT) Trading 4.1% Higher
Camtek Ltd. (NASDAQ:CAMT) traded up 4.1% during mid-day trading on Wednesday . The stock traded as high as $2.66 and last traded at $2.55, with a volume of 265,302 shares trading hands. The stock had previously closed at $2.45.
Several equities research analysts recently issued reports on the company. Needham & Company LLC boosted their price objective on Camtek from $3.00 to $4.00 and gave the company a “buy” rating in a report on Friday. B. Riley restated a “buy” rating and set a $2.75 price target on shares of Camtek in a report on Thursday, May 5th. Finally, Zacks Investment Research upgraded Camtek from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Camtek presently has an average rating of “Hold” and a consensus target price of $3.19.
The firm has a 50 day moving average of $2.18 and a 200 day moving average of $2.02. The company’s market cap is $89.08 million.
Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. The business had revenue of $27.30 million for the quarter, compared to analyst estimates of $26.05 million. Analysts expect that Camtek Ltd. will post $0.10 earnings per share 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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