Eltek (NASDAQ:ELTK) Issues Quarterly Earnings Results

Eltek (NASDAQ:ELTK - Get Free Report) announced its earnings results on Tuesday. The technology company reported $0.15 EPS for the quarter, Zacks reports. The firm had revenue of $12.76 million for the quarter. Eltek had a return on equity of 15.49% and a net margin of 11.51%.

Eltek Trading Up 1.1%

Eltek stock traded up $0.11 during trading on Friday, hitting $10.01. 869 shares of the company were exchanged, compared to its average volume of 20,539. The company has a market capitalization of $67.21 million, a P/E ratio of 11.78 and a beta of 0.57. The business's 50 day moving average is $8.92 and its 200 day moving average is $10.26. Eltek has a 52 week low of $7.65 and a 52 week high of $12.30.

Eltek Dividend Announcement

The business also recently disclosed a -- dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 22nd were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, April 22nd. Eltek's dividend payout ratio is currently 37.25%.

Analyst Upgrades and Downgrades

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

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.