Camtek Ltd (NASDAQ: CAMT) has reported E.P.S. of $0.62 for its second fiscal quarter (ending June 30) versus $0.42 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $2.12 versus $1.76 for the same period a year ago.
Recent Price Action
Camtek Ltd (NASDAQ: CAMT) stock suffered a major decline of -12.4% on 8/1/24. The shares closed at $92.02. Moreover, this decline was accompanied by exceptionally high trading volume at 220% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -15.5% 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 B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Camtek has a poor Appreciation Score of 25 but a very high Power Rating of 100, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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