On Monday, Camtek (CAMT) got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96. The Israeli maker of electronic inspection and metrology measuring devices has a 91 Relative Strength Rating.
The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Camtek stock has been trading in an ascending base pattern the past three months. The stock has rallied above its 50-day moving average the past two trading days and closing in on a 35.24 buy point. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.
Camtek stock sports a 96 EPS Rating, which means its recent quarterly and annual earnings growth tops 96% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
Camtek Has Robust Financials
In Q1, the Israeli company posted 267% EPS growth. That marks four straight quarters of rising EPS growth. Top line growth climbed 90%, up from 46% in the prior report. The company has now posted accelerating growth in each of the last four reports. Check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”
Camtek stock holds the No. 1 rank among its peers in the Electronics-Scientific Measuring industry group. Luna Innovations (LUNA) and Keysight Technologies (KEYS) are also among the group’s highest-rated stocks.
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