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Camtek (CAMT) in Focus: Stock Tanks 17.7%

Zacks Equity Research

Camtek Ltd. (CAMT) saw a big move last session, as the company’s shares fell by nearly 18% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the most recent trend for CAMT as the stock is now up around 29.5% since Jun 30.

Camtek has seen a flat track record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

CAMT currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the computer and technology sector include Advanced Micro Devices, Inc. (AMD), Cvent, Inc. (CVT) and DigitalGlobe, Inc. (DGI). All these stocks hold a Zacks Rank #1 (Strong Buy).

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