Orbotech Ltd. – Ordinary Shares (NASDAQ:ORBK):
Orbotech Revolutionizes the AOI Room with 4-in-1 AOI Solution.
In the market the company is trading up by 0.41%% since yesterday’s close of 43.98.
Orbotech Ltd. (Orbotech), launched on February 8, 1981, is a supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products. The Company provides cutting-edge solutions for use in the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs) and semiconductor devices (SDs). The Business’s segments include Production Solutions for the Electronics Industry, Solar Energy and Recognition Software. The products designed, developed, manufactured, marketed and serviced by the Company include direct imaging (DI), automated optical inspection (AOI), automated optical shaping (AOS), via formation (VF) laser drilling tools, digital inkjet printing and other production systems used in the manufacture of PCBs; AOI, test, repair and process monitoring systems used in the manufacture of FPDs, and etch, physical vapor deposition (PVD) and chemical vapor deposition (CVD) equipment for use in the manufacture of SDs, such as micro-electro-mechanical systems (MEMS), advanced semiconductor packaging (Advanced Packaging), power and radio frequency (RF) devices and high brightness light emitting diode (HBLED) devices..
It is currently trading at $44.16 which is just over $42.43, the 50 day moving average and impressively higher than the 200 day moving average of $36.99. The 50 day moving average was up $1.73 and the 200 day average was up $7.17.
The P/E ratio is 23.70 and the market value is 2.12B. In the last earnings report the EPS was $1.86 and is expected to be $2.80 for the current year with 47,900,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.83 and the next full year EPS is projected to be $3.14.
Investors are a little more bullish on the company lately as shown by the fall in short interest. The stock had a fall in short interest of -10.96% between September 15, 2017 and September 29, 2017. Short shares fell 16,137 over that period. The days to cover decreased to 0.0 and the percentage of shorted shares is 0.00% as of September 29.
Investment firms have issued ratings on Orbotech Ltd. – Ordinary Shares recently. Equity analyst Stifel Nicolaus added ORBK to its research portfolio with a rating of “Hold”.