The stock of Camtek LTD. (NASDAQ:CAMT) is a huge mover today! About 64,804 shares traded hands or 2.68% up from the average. Camtek LTD. (NASDAQ:CAMT) has risen 57.59% since February 29, 2016 and is uptrending. It has outperformed by 45.38% the S&P500.
The move comes after 9 months positive chart setup for the $107.37M company. It was reported on Oct, 3 by Barchart.com. We have $6.50 PT which if reached, will make NASDAQ:CAMT worth $121.33M more.
Analysts await Camtek LTD. (NASDAQ:CAMT) to report earnings on November, 3. They expect $0.04 EPS, up 33.33% or $0.01 from last year’s $0.03 per share. CAMT’s profit will be $1.41M for 19.06 P/E if the $0.04 EPS becomes a reality. After $0.04 actual EPS reported by Camtek LTD. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Camtek LTD. (NASDAQ:CAMT) Ratings Coverage
Out of 3 analysts covering Camtek Ltd (NASDAQ:CAMT), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Camtek Ltd has been the topic of 6 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The rating was maintained by Needham on Friday, July 22 with “Buy”. Zacks upgraded the stock to “Hold” rating in Thursday, August 6 report. As per Friday, September 4, the company rating was upgraded by Zacks. On Thursday, July 30 the stock rating was maintained by Chardan Capital Markets with “Buy”. Needham initiated the shares of CAMT in a report on Monday, July 27 with “Buy” rating. The firm earned “Buy” rating on Friday, February 12 by Needham.
According to Zacks Investment Research, “Camtek Ltd., designs, develops, manufactures, and markets automatic optical inspection systems and related products. Camtek’s automatic inspection systems are used to enhance both production processes and yield for manufacturers in the printed circuit board industry, the high density interconnect substrate industry and the semiconductor manufacturing and packaging industry.”
More important recent Camtek LTD. (NASDAQ:CAMT) news were published by: Quotes.Wsj.com which released: “News Camtek Ltd.CAMT” on February 11, 2011, also Streetinsider.com published article titled: “Camtek Ltd (CAMT) to Reorganize Functional Inkjet Technology Operations”, Streetinsider.com published: “Form 424B3 CAMTEK LTD” on July 28, 2016. More interesting news about Camtek LTD. (NASDAQ:CAMT) was released by: Seekingalpha.com and their article: “Camtek: Untangling The 3-D Printing Story” with publication date: December 02, 2013.
CAMT Company Profile
Camtek Ltd. (Camtek), incorporated on October 21, 1987, provides automated and technological solutions for production processes and products yield, enabling and supporting customers’ technologies in the semiconductor fabrication and printed circuit board (PCB) industries. The Firm designs, develops, makes and markets products mainly based on two core technologies: automated optical inspection (AOI) and functional ink technology (FIT). The Company’s AOI systems are computerized systems that optically inspect various types of electronic product components for defects caused during the manufacturing process. The Company’s AOI systems are used for both production processes and for manufacturers in the semiconductor fabrication industry, as well as the PCB industry. The Company’s AOI products incorporate image processing software and algorithms, as well as electro-optics and precision mechanics. In addition, the Company’s AOI systems use technology to handle a range of inspection and verification needs.
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