Orbotech (ORBK) Downgraded by BidaskClub to “Hold”
Orbotech (NASDAQ:ORBK) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.
Other analysts also recently issued research reports about the stock. Jefferies Group reaffirmed a “buy” rating and set a $42.00 price objective on shares of Orbotech in a research report on Tuesday, September 12th. Zacks Investment Research raised shares of Orbotech from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Wednesday, August 9th. Barclays raised their price objective on shares of Orbotech to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd. Finally, ValuEngine downgraded shares of Orbotech from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Orbotech has an average rating of “Buy” and an average price target of $51.00.
Orbotech (ORBK) traded up $0.94 during trading hours on Thursday, reaching $50.22. 223,623 shares of the company’s stock were exchanged, compared to its average volume of 382,842. The firm has a market cap of $2,368.36, a P/E ratio of 19.24, a PEG ratio of 0.94 and a beta of 0.80. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.37 and a quick ratio of 2.71. Orbotech has a twelve month low of $28.01 and a twelve month high of $56.44.
Orbotech Company Profile
Orbotech Ltd. 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 Company’s segments include Production Solutions for the Electronics Industry, Solar Energy and Recognition Software.
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