Camtek Ltd. (CAMT) Trading Up 3.4%
Camtek Ltd. (NASDAQ:CAMT) was 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. The stock had previously closed at $2.32.
A number of equities research analysts have recently issued reports on CAMT shares. B. Riley reaffirmed a “buy” rating and set a $2.75 target price on shares of Camtek in a report on Thursday, May 5th. Needham & Company LLC reaffirmed a “buy” rating on shares of Camtek in a report on Monday, March 28th. Finally, Zacks Investment Research raised shares of Camtek from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $2.94.
The stock’s market capitalization is $85.19 million. The stock’s 50 day moving average price is $2.12 and its 200 day moving average price is $2.01.
Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by $0.06. The company had revenue of $24.50 million for the quarter, compared to analysts’ expectations of $25.83 million. On average, equities research analysts expect that Camtek Ltd. will post $0.10 EPS 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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