Shares of Camtek LTD. (NASDAQ:CAMT) were up 7.2% during mid-day trading on Monday . The company traded as high as $8.36 and last traded at $7.91. Approximately 586,254 shares changed hands during trading, an increase of 226% from the average daily volume of 179,966 shares. The stock had previously closed at $7.38.
A number of analysts have issued reports on CAMT shares. BidaskClub downgraded Camtek from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. B. Riley boosted their target price on Camtek from $10.00 to $10.50 and gave the stock a “buy” rating in a research note on Thursday, November 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $9.92.
The stock has a market capitalization of $296.38 million, a price-to-earnings ratio of 30.42 and a beta of 1.21.
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Camtek Company Profile (NASDAQ:CAMT)
Camtek Ltd. provides inspection and metrology solutions for the semiconductor industry in the Asia Pacific, North America, and Europe. The company provides solutions based on its advanced image processing, motion control, material handling, and optics related technologies. It designs, develops, manufactures, and markets automatic optical inspection (AOI) systems that optically inspect and measure various types of semiconductors wafers.
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