What Camtek Ltd.’s (NASDAQ:CAMT) 27% Share Price Gain Is Not Telling You
The Camtek Ltd. (NASDAQ:CAMT) share price has done very well over the last month, posting an excellent gain of 27%. The last 30 days bring the annual gain to a very sharp 27%.
Following the firm bounce in price, Camtek may be sending very bearish signals at the moment with a price-to-earnings (or “P/E”) ratio of 35.7x, since almost half of all companies in the United States have P/E ratios under 19x and even P/E’s lower than 11x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly elevated P/E.
