Camtek Receives Buy Rating from B. Riley (CAMT)

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Camtek (NASDAQ:CAMT)‘s stock had its “buy” rating restated by analysts at B. Riley in a research report issued to clients and investors on Wednesday. They currently have a $5.00 target price on the stock, up from their previous target price of $4.50. B. Riley’s price target suggests a potential upside of 34.77% from the company’s current price.

Shares of Camtek (NASDAQ:CAMT) traded down 0.27% during mid-day trading on Wednesday, hitting $3.70. The stock had a trading volume of 107,741 shares. Camtek has a one year low of $1.60 and a one year high of $6.43. The stock’s 50-day moving average is $3.56 and its 200-day moving average is $3.76. The company has a market cap of $112.7 million and a P/E ratio of 74.20.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.04. The company had revenue of $23.20 million for the quarter, compared to the consensus estimate of $23.15 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. On average, analysts predict that Camtek will post $0.14 earnings per share for the current fiscal year.

Camtek Limited (NASDAQ:CAMT) designs, develops, manufactures and markets automated optical inspection (AOI), systems and related products.

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