Eltek Ltd. (NASDAQ:ELTK - Get Free Report) saw a significant increase in short interest in May. As of May 15th, there was short interest totalling 12,800 shares, an increase of 36.2% from the April 30th total of 9,400 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 17,100 shares, the days-to-cover ratio is presently 0.7 days.
Eltek Trading Up 0.9%
Eltek stock traded up $0.09 during mid-day trading on Thursday, hitting $10.01. The stock had a trading volume of 13,978 shares, compared to its average volume of 20,060. The stock has a 50-day simple moving average of $9.17 and a two-hundred day simple moving average of $10.22. The stock has a market capitalization of $67.21 million, a PE ratio of 11.78 and a beta of 0.61. Eltek has a 12 month low of $7.65 and a 12 month high of $12.08.
Eltek (NASDAQ:ELTK - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The technology company reported $0.15 earnings per share (EPS) for the quarter. The business had revenue of $12.76 million for the quarter. Eltek had a return on equity of 15.49% and a net margin of 11.51%. Sell-side analysts expect that Eltek will post 0.87 earnings per share for the current fiscal year.
Eltek Dividend Announcement
The company also recently declared a -- dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 22nd were issued a $0.19 dividend. The ex-dividend date was Tuesday, April 22nd. Eltek's dividend payout ratio is 37.25%.
Analyst Ratings Changes
Separately, Wall Street Zen started coverage on Eltek in a research note on Friday, May 16th. They issued a "hold" rating for the company.
Check Out Our Latest Stock Analysis on Eltek
Hedge Funds Weigh In On Eltek
Several hedge funds have recently added to or reduced their stakes in ELTK. Essex Investment Management Co. LLC bought a new position in Eltek in the fourth quarter valued at about $99,000. Northern Trust Corp bought a new position in Eltek during the fourth quarter worth about $405,000. Finally, Yelin Lapidot Holdings Management Ltd. boosted its holdings in Eltek by 30.3% during the first quarter. Yelin Lapidot Holdings Management Ltd. now owns 272,282 shares of the technology company's stock worth $2,268,000 after buying an additional 63,258 shares during the last quarter. Institutional investors own 64.58% of the company's stock.
Eltek Company Profile
(
Get Free Report)
Eltek Ltd. manufactures, markets, and sells printed circuit boards (PCBs) in Israel, Europe, North America, India, the Netherlands, and internationally. It offers a range of custom designed PCBs, including rigid, double-sided and multi-layer PCBs, and flexible circuitry boards. The company also provides high density interconnect, flex-rigid, and multi-layered boards.
See Also
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