Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Camtek Ltd (NASDAQ: CAMT) weakened recently. 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 increased 1.6% on 5/24/24. The shares closed at $105.85. However, trading volume in this advance was below average at 77% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 8.4% during the last week.
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 C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Camtek has a poor Appreciation Score of 23 but a very high Power Rating of 97, triggering the High Neutral Value Trend Rating.
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