Investment analysts at StockNews.com assumed coverage on shares of Eltek (NASDAQ:ELTK - Get Free Report) in a note issued to investors on Thursday. The firm set a "hold" rating on the technology company's stock.
Eltek Stock Performance
ELTK stock traded up $0.34 during trading on Thursday, hitting $10.74. The stock had a trading volume of 10,253 shares, compared to its average volume of 21,383. Eltek has a 1-year low of $7.65 and a 1-year high of $12.47. The stock has a market cap of $72.11 million, a price-to-earnings ratio of 12.64 and a beta of 0.57. The company's 50 day moving average price is $8.76 and its two-hundred day moving average price is $10.28.
Hedge Funds Weigh In On Eltek
Several institutional investors have recently added to or reduced their stakes in the business. 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 valued at $2,312,000 after acquiring an additional 140,868 shares during the last quarter. Northern Trust Corp acquired a new position in Eltek during the fourth quarter worth approximately $405,000. Finally, Essex Investment Management Co. LLC acquired a new position in Eltek during the fourth quarter worth approximately $99,000. 64.58% of the stock is currently owned by institutional investors and hedge funds.
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.
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