Why Camtek Stock Was Plunging This Week
According to data compiled by S&P Global Market Intelligence, 's (NASDAQ: CAMT) share price had eroded by nearly 15% week to date as of early Friday morning. Investors were reacting to the semiconductor inspection equipment and measuring company's latest set of quarterly results, which they didn't find inspiring.
For its second quarter, Camtek notched a new all-time high revenue figure of just over $123 million. This was 20% higher year over year. Non-GAAP (adjusted) net income rose at nearly the same pace, advancing 19% to almost $39 million, or $0.79 per share.
Image source: Getty Images.
Source Fool.com
Camtek Ltd. Stock
€132.80
3.870%
Camtek Ltd. is currently one of the favorites of our community with 14 Buy predictions and no Sell predictions.
With a target price of 149 € there is a slightly positive potential of 12.2% for Camtek Ltd. compared to the current price of 132.8 €.
