The company announced the debut of its Eagle product line Monday morning and said it had already received early orders from leading semiconductor device manufacturers. Camtek designed the Eagle product line to support the emerging 'Advanced Packaging' market. It will unveil the line at the Semicon trade show in San Francisco on July 8.
The stock was down 15.34% to $4.25 at 12:12 p.m. on Tuesday. More than 3 million shares had changed by that point, compared to the average volume of 3,065,700.
Separately, TheStreet Ratings team rates CAMTEK LTD as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate CAMTEK LTD (CAMT) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing."
Highlights from the analysis by TheStreet Ratings Team goes as follows: