Could Camtek Ltd. (CAMT) See a Reversal After Breaking Its 52-Week High?

June 12, 2018 - By Richard Conner

Camtek Ltd. (NASDAQ:CAMT) Logo

The stock of Camtek Ltd. (NASDAQ:CAMT) hit a new 52-week high and has $9.08 target or 5.00 % above today’s $8.65 share price. The 8 months bullish chart indicates low risk for the $311.42M company. The 1-year high was reported on Jun, 12 by If the $9.08 price target is reached, the company will be worth $15.57 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.70% or $0.06 during the last trading session, reaching $8.65. About 39,666 shares traded. Camtek Ltd. (NASDAQ:CAMT) has risen 34.97% since June 12, 2017 and is uptrending. It has outperformed by 22.40% the S&P500.

Analysts await Camtek Ltd. (NASDAQ:CAMT) to report earnings on August, 2. They expect $0.13 EPS, up 30.00 % or $0.03 from last year’s $0.1 per share. CAMT’s profit will be $4.68M for 16.63 P/E if the $0.13 EPS becomes a reality. After $0.11 actual EPS reported by Camtek Ltd. for the previous quarter, Wall Street now forecasts 18.18 % EPS growth.

Camtek Ltd. (NASDAQ:CAMT) Ratings Coverage

Among 3 analysts covering Camtek (NASDAQ:CAMT), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Camtek has $8 highest and $8.0 lowest target. $8’s average target is -7.51% below currents $8.65 stock price. Camtek had 3 analyst reports since February 8, 2018 according to SRatingsIntel. The company was initiated on Monday, April 9 by Northland Capital. B. Riley & Co maintained the stock with “Buy” rating in Thursday, February 8 report. The stock has “Buy” rating by Needham on Wednesday, February 7.

Camtek Ltd. designs, develops, manufactures, and markets automated optical inspection systems for semiconductor wafers, integrated circuit substrates, and printed circuit boards (PCBs) in Israel. The company has market cap of $311.42 million. It operates in two divisions, Microelectronics and PCB. It has a 21.95 P/E ratio. The companyÂ’s AOI systems are computerized systems that optically inspect various types of electronic product components for defect caused during the manufacturing process, as well as used to enhance production processes and yields for manufacturers in the semiconductor fabrication and PCB industries.

Camtek Ltd. (NASDAQ:CAMT) Ratings Chart

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