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

Key Points

• Eltek's stock has been assigned a **"hold (C-)"** rating by Weiss Ratings in a recent research note.
• The company's stock opened at **$11.22**, with a 52-week range between **$7.65** and **$12.19**, and a market capitalization of **$75.36 million**.
• Yelin Lapidot Holdings Management Ltd. has increased its stake in Eltek by **30.3%**, owning **4.06%** of the company valued at **$2,268,000** as of the latest SEC filing.

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

Eltek Stock Performance

Eltek stock opened at $11.22 on Friday. Eltek has a fifty-two week low of $7.65 and a fifty-two week high of $12.19. The company has a market capitalization of $75.36 million, a P/E ratio of 24.92 and a beta of 0.52. The stock has a 50-day simple moving average of $10.63 and a 200-day simple moving average of $10.12.

Eltek (NASDAQ:ELTK - Get Free Report) last posted its earnings results 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 business had revenue of $12.53 million during the quarter. As a group, analysts forecast that Eltek will post 0.87 earnings per share for the current year.

Institutional Trading of Eltek

A hedge fund recently raised its stake in Eltek stock. Yelin Lapidot Holdings Management Ltd. boosted its stake in Eltek Ltd. (NASDAQ:ELTK - Free Report) by 30.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 272,282 shares of the technology company's stock after acquiring an additional 63,258 shares during the period. Yelin Lapidot Holdings Management Ltd. owned 4.06% of Eltek worth $2,268,000 as of its most recent SEC filing. Institutional investors and hedge funds own 64.58% of the company's stock.

About Eltek

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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