StockNews.com initiated coverage on shares of Eltek (NASDAQ:ELTK - Free Report) in a research report sent to investors on Wednesday morning. The brokerage issued a hold rating on the technology company's stock.
Eltek Stock Performance
Shares of NASDAQ:ELTK traded up $0.28 during midday trading on Wednesday, hitting $8.53. 7,833 shares of the stock were exchanged, compared to its average volume of 21,508. The company has a market capitalization of $57.27 million, a PE ratio of 10.04 and a beta of 0.58. Eltek has a 52-week low of $7.65 and a 52-week high of $12.47. The business's fifty day simple moving average is $8.92 and its two-hundred day simple moving average is $10.30.
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 paid a $0.19 dividend. The ex-dividend date was Tuesday, April 22nd. Eltek's payout ratio is 30.16%.
Hedge Funds Weigh In On Eltek
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Essex Investment Management Co. LLC bought a new stake in Eltek in the fourth quarter worth approximately $99,000. Northern Trust Corp bought a new stake in Eltek in the fourth quarter worth $405,000. Finally, Yelin Lapidot Holdings Management Ltd. increased its position 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.
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.
Featured Stories
Before you consider Eltek, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eltek wasn't on the list.
While Eltek currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
