Stock Rating Upgrade
During the last several trading days the Value Trend Rating for Camtek Ltd (NASDAQ: CAMT) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Camtek Ltd (NASDAQ: CAMT) stock closed at $99.85 on 5/20/24 after a large increase of 2.8%. However, normal trading volume at 83% of normal accompanied the advance. The stock has risen 10.4% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, CAMT is expected to continue to be an important Value Builder.
Camtek has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Camtek has a poor Appreciation Score of 26 but a very high Power Rating of 97, leading to the Positive Value Trend Rating.
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