Notable News Spotlight: Camtek Ltd. (NASDAQ:CAMT)

Camtek Ltd. (NASDAQ:CAMT) stock reported trading -15.73% off 52-week high price. On the other end, the stock has been noted 52.28% away from low price over the last 52-weeks. The stock disclosed a move of 3.57% away from 50 day moving average and 20.98% away from 200 day moving average. Moving closer, we can see that shares have been trading -1.42% off 20-day moving average. It has market cap of $448.92M and dividend yield of 5.67%.

On Feb. 20, 2020, Camtek Ltd. (NASDAQ:CAMT) notified its financial results for the quarter and year ended December 31, 2019.

Highlights of the Fourth Quarter of 2019

  • Revenues of $33.2 million, similar to the fourth quarter 2018 and in line with guidance;
  • GAAP operating income of $4.6 million; non-GAAP operating income of $5.4 million, representing an operating margin of 13.8% and 16.3%, respectively;
  • GAAP net income of $4.6 million and non-GAAP net income of $5.4 million; and
  • Strong operating cash flow of $7.5 million.
  • Highlights of the Full Year 2019
  • Revenues of $134 million; a 9% year-over-year increase;
  • GAAP operating income of $22.0 million;
  • Non-GAAP operating income of $25.0 million;
  • GAAP net income of $22.0 million;
  • Non-GAAP net income of $23.9 million; and
  • Strong operating cash flow of $24.7 million in 2019 leading to year-end net cash balance of $89.5 million.

The Israel based company Camtek Ltd. moved with change of -0.99% to $12 with the total traded volume of 306690 shares in recent session versus to an average volume of 87.19K shares. The stock was observed in the 5 days activity at 1.69%. The one month performance of stock was -8.68%. CAMT’s shares are at 16.73% for the quarter and driving a 30.01% return over the course of the past year and is now at 10.80% since this point in 2018.  Right now the stock beta is 1.7. The average volatility for the week and month was at 3.32% and 3.21% respectively. There are 37.41M shares outstanding and 19.85M shares are floated in market.

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