Camtek Ltd. (CAMT) Shares Up 4.1%
Shares of Camtek Ltd. (NASDAQ:CAMT) shot up 4.1% during trading on Wednesday . The stock traded as high as $2.66 and last traded at $2.55, with a volume of 265,302 shares. The stock had previously closed at $2.45.
Several research firms have commented on CAMT. B. Riley reissued a “buy” rating and issued a $2.75 target price on shares of Camtek in a research report on Thursday, May 5th. Zacks Investment Research raised shares of Camtek from a “sell” rating to a “hold” rating in a research report on Tuesday, July 5th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Camtek in a research 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 presently has an average rating of “Hold” and a consensus target price of $2.94.
The firm’s market capitalization is $86.60 million. The company has a 50 day moving average of $2.15 and a 200-day moving average of $2.01.
Camtek (NASDAQ:CAMT) last posted its earnings results on Thursday, May 5th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.06. The firm earned $24.50 million during the quarter, compared to the consensus estimate of $25.83 million. On average, analysts predict 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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