Eltek (NASDAQ:ELTK) Given Hold (C-) Rating at Weiss Ratings

Key Points

• Eltek's stock has been given a "hold (C-)" rating by Weiss Ratings, indicating a cautious outlook from analysts.
• The company's stock traded down to $11.14 with a market capitalization of approximately $74.85 million.
• Eltek reported a net margin of 6.26% and earnings per share of $0.05 for the most recent quarter, with anticipated earnings per share of 0.87 for the current year.

Eltek (NASDAQ:ELTK - Get Free Report)'s stock had its "hold (c-)" rating restated by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Eltek Stock Performance

ELTK traded down $0.13 during trading on Wednesday, reaching $11.14. The company's stock had a trading volume of 2,088 shares, compared to its average volume of 5,860. Eltek has a 52-week low of $7.65 and a 52-week high of $12.19. The company's fifty day moving average price is $10.40 and its 200-day moving average price is $9.89. The company has a market capitalization of $74.85 million, a price-to-earnings ratio of 24.75 and a beta of 0.52.

Eltek (NASDAQ:ELTK - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The technology company reported $0.05 earnings per share for the quarter. Eltek had a return on equity of 7.40% and a net margin of 6.26%.The company had revenue of $12.53 million for the quarter. Equities analysts predict that Eltek will post 0.87 earnings per share for the current year.

Institutional Investors Weigh In On Eltek

An institutional investor recently bought a new position in Eltek stock. CSM Advisors LLC acquired a new position in shares of Eltek Ltd. (NASDAQ:ELTK - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 96,209 shares of the technology company's stock, valued at approximately $1,030,000. CSM Advisors LLC owned about 1.43% of Eltek at the end of the most recent reporting period. Institutional investors own 64.58% of the company's stock.

Eltek Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.