Investment analysts at StockNews.com began coverage on shares of Eltek (NASDAQ:ELTK - Get Free Report) in a research note issued on Thursday. The firm set a "hold" rating on the technology company's stock.
Eltek Price Performance
NASDAQ:ELTK traded down $0.21 during trading hours on Thursday, hitting $11.00. The stock had a trading volume of 1,991 shares, compared to its average volume of 21,359. The firm has a market capitalization of $73.82 million, a price-to-earnings ratio of 12.94 and a beta of 0.57. The company has a 50 day simple moving average of $8.76 and a two-hundred day simple moving average of $10.28. Eltek has a one year low of $7.65 and a one year high of $12.47.
Hedge Funds Weigh In On Eltek
Institutional investors and hedge funds have recently made changes to their positions in the business. Essex Investment Management Co. LLC purchased a new stake in shares of Eltek in the 4th quarter valued at $99,000. Northern Trust Corp bought a new position in shares of Eltek in the fourth quarter worth $405,000. Finally, Yelin Lapidot Holdings Management Ltd. lifted its holdings in shares of Eltek by 30.3% in the first quarter. Yelin Lapidot Holdings Management Ltd. now owns 272,282 shares of the technology company's stock valued at $2,268,000 after purchasing an additional 63,258 shares in the last quarter. 64.58% of the stock is owned by hedge funds and other institutional investors.
About Eltek
(
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.
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