Recent exceptional negative changes in investment behavior have affected Camtek Ltd (NASDAQ: CAMT): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, the stock fell on very heavy volume, and negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
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 slightly negative Appreciation Score of 30 but a very high Power Rating of 99, leading to the Positive Value Trend Rating.
Recent Price Action
On 8/2/24, Camtek Ltd (NASDAQ: CAMT) stock suffered a large decline of -8.6%, closing at $84.09. Moreover, exceptionally high trading volume at 203% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -16.7% during the last week.
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