Eltek (NASDAQ:ELTK) Announces Earnings Results

Key Points

• Eltek reported a quarterly earnings per share (EPS) of $0.05, with a revenue of $12.53 million and a net margin of 6.26%.
• The company's stock is currently trading at $10.18, down from its 12-month high of $12.19, with a market capitalization of $68.31 million.
• Wall Street analysts have issued a "hold" rating for Eltek, indicating a cautious outlook for the company's future growth.

Eltek (NASDAQ:ELTK - Get Free Report) announced its quarterly earnings results on Thursday, August 14th. The technology company reported $0.05 EPS for the quarter, Zacks reports. Eltek had a return on equity of 7.40% and a net margin of 6.26%.The firm had revenue of $12.53 million for the quarter.

Eltek Stock Down 1.2%

ELTK traded down $0.1250 during trading on Thursday, hitting $10.0350. The company's stock had a trading volume of 4,608 shares, compared to its average volume of 16,840. Eltek has a twelve month low of $7.65 and a twelve month high of $12.19. The stock's fifty day moving average price is $10.33 and its 200-day moving average price is $9.92. The firm has a market capitalization of $67.44 million, a P/E ratio of 22.30 and a beta of 0.61.

Analyst Ratings Changes

Separately, Wall Street Zen started coverage on Eltek in a research note on Friday, May 16th. They issued a "hold" rating on the 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.