Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Camtek Ltd (NASDAQ: CAMT) weakened during the last several trading days. CAMT’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Camtek Ltd (NASDAQ: CAMT) stock closed at $70.96 on 1/12/24 after a modest decline of -1.3%. However, exceptionally low trading volume at 29% of normal accompanied the decline. The stock has risen 3.4% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
CAMT is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Camtek has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Camtek has a poor Appreciation Score of 27 but a very high Power Rating of 100, with the High Neutral Value Trend Rating the result.
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