StockNews.com assumed coverage on shares of Eltek (NASDAQ:ELTK - Free Report) in a research report sent to investors on Tuesday. The brokerage issued a hold rating on the technology company's stock.
Eltek Stock Performance
Shares of NASDAQ:ELTK traded down $0.07 during mid-day trading on Tuesday, hitting $8.23. The stock had a trading volume of 1,550 shares, compared to its average volume of 21,979. The company's 50 day moving average is $9.22 and its 200-day moving average is $10.37. The company has a market cap of $55.26 million, a PE ratio of 9.68 and a beta of 0.58. Eltek has a 12-month low of $7.65 and a 12-month high of $12.47.
Eltek Announces Dividend
The business also recently declared a -- dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 22nd will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. Eltek's dividend payout ratio (DPR) is 30.16%.
Institutional Investors Weigh In On Eltek
A number of institutional investors have recently modified their holdings of ELTK. Northern Trust Corp acquired a new position in Eltek in the fourth quarter worth approximately $405,000. Essex Investment Management Co. LLC acquired a new position in shares of Eltek during the 4th quarter worth $99,000. Finally, Yelin Lapidot Holdings Management Ltd. increased its stake in shares of Eltek by 206.7% during the 4th quarter. Yelin Lapidot Holdings Management Ltd. now owns 209,024 shares of the technology company's stock worth $2,312,000 after purchasing an additional 140,868 shares during the last quarter. Institutional investors and hedge funds own 64.58% of the company's stock.
About Eltek
(
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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.
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