In a note on Friday, Zacks Investment Research lowered the Camtek Ltd. (NASDAQ:$CAMT) rating from ‘Buy’ to ‘Hold’.
During Friday trading, Camtek traded up 1.04% for a total of $4.86. They have a market capitalization of $172.03 million. Their 50 and 200 moving day averages are $4.70 and $4.73, respectively. They also have a 12 month high of $7.96 and a 12 month low of $2.72. They currently have a beta of 0.98 and P/E ratio of 60.00. The company has a trading volume of 97,419.
Camtek is an automated technology solutions company that designs, develops, builds and sells products in both automated optical inspection and functional ink technology. Their products are specifically designed to support and enable customers’ technologies in semiconductor fabrication and printed circuit board industries.
Other research analysts have weighed in on the company as well:
- ValuEngine, on June 2nd, reported they had increased their rating from ‘Hold’ to ‘Buy’.
- Needham & Company LLC dropped their rating of Camtek from ‘Buy’ to ‘Hold’ in a report on Tuesday, June 27th.
- B. Riley (NASDAQ:$RILY), on July 21st, released a report that restated a ‘Buy’ rating with a $6.00 price target.
- TheStreet (NASDAQ:$TST), in a report on August 4th, lowered their rating from “B” to “C”.
In total, the stock currently has an average target price of $6.25 and an average rating of ‘Buy’.
On August 3rd, Camtek posted their latest quarterly earnings with an EPS of $0.10. That EPS is $0.01 short of the analysts’ consensus of $0.09. Analysts predict a $0.39 EPS for the current fiscal year. They also disclosed a revenue of $22.68 million, which came quite short of $33.50 million forecasts. They currently have a Net Margin of 2.56% and a Return on Equity of 15.32%.
Recently, several firms have altered their holdings in Camtek;
- Engineers Gate Manager LP bought into the company with shares of about $257.000 in the second quarter.
- Navellier & Associates, Inc. also bought into the company with a $208,000 in the second quarter.
- Endurance Wealth Management Inc. bought new stock approximately worth $150,000.
- TFS Capital LLC reportedly bought a stake worth $118,000 in the first quarter.
- Cubist Systematic Strategies LLC reportedly bought approximately $107,000 in the second quarter, buying a new position.
18.28% of the company’s stock ownership is institutional.
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