Camtek Ltd. (NASDAQ:CAMT) stock observed trading -34.76% off 52-week high price. On the other end, the stock has been noted 48.28% away from low price over the last 52-weeks. The stock disclosed a move of -7.46% away from 50 day moving average and -6.94% away from 200 day moving average. Moving closer, we can see that shares have been trading 15.12% off 20-day moving average. It has market cap of $372.44M and dividend yield of 7.32%.
On April 7, 2020, Camtek Ltd. (NASDAQ:CAMT) disclosed that, in view of the Coronavirus pandemic, management has decided to provide a business update.
First quarter 2020 shipments of machines from Israel to customers amounted to approximately $33 million, in line with the company’s original guidance for the quarter. However, revenues are expected to be approximately $30 million. Coronavirus caused delays in installations and as the company recognizes system revenue after installation, it impacted revenue recognition of a number of systems which were delivered but installation was not completed during the first quarter. There were several reasons for our inability to install the systems on customers’ sites including a significant drop in the number of flights available, some customers requiring our engineers to stay in quarantine for several days before entering their facilities to perform the installation, as well as other restrictions imposed by some countries and regions.
Regarding the second quarter: as reflected by yesterday’s announcement regarding the $8 million order, the company is currently experiencing a strong business momentum. The demand we see from our customers and the orders on hand for various applications point to a strong second quarter, which is within our capacity and execution potential. We are well organized and making all efforts to execute our plan. However, it is difficult to anticipate the full magnitude of the Coronavirus crisis and the actual impact it may have on the company’s ability to build, ship and install systems during the second quarter.
The Israel based company Camtek Ltd. moved with change of 5.57% to $9.29 with the total traded volume of 203673 shares in recent session versus to an average volume of 144.34K. The stock was observed in the 5 days activity at 10.33%. The one month performance of stock was 7.03%. CAMT’s shares are at -16.38% for the quarter and driving a -10.76% return over the course of the past year and is now at -14.22% since this point in 2018. Right now the stock beta is 1.68. The average volatility for the week and month was at 7.44% and 8.58% respectively. There are 40.09M shares outstanding and 20.65M shares are floated in market.