Oppenheimer Starts Stock Coverage on Orbotech (ORBK)

By admin | 6 years ago

Oppenheimer (NYSE: OPY) started coverage on shares of Orbotech (NASDAQ: ORBK) in a research note issued on Friday. The firm set an “outperform” rating on the stock.

Orbotech opened at 9.82 on Friday. Orbotech has a 1-year low of $8.95 and a 1-year high of $13.00. The company has a market cap of $426.2 million and a price-to-earnings ratio of 10.97.

Orbotech last released its earnings data on Monday, May 7th. The company reported $0.04 EPS for the quarter. The company’s quarterly revenue was down 25.3% on a year-over-year basis. Analysts expect that Orbotech will post $0.38 EPS next quarter.

Orbotech Ltd. (Orbotech) is principally engaged in the design, development, manufacture, marketing and servicing of yield-enhancing and production solutions for specialized applications in the supply chain of the electronics industry.

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