Eltek Ltd. (NASDAQ:ELTK - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.80 and traded as high as $10.25. Eltek shares last traded at $10.12, with a volume of 3,359 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen assumed coverage on Eltek in a report on Friday, May 16th. They issued a "hold" rating for the company.
Get Our Latest Analysis on ELTK
Eltek Trading Down 0.4%
The stock has a market capitalization of $67.87 million, a P/E ratio of 22.44 and a beta of 0.55. The company has a 50-day moving average price of $10.26 and a 200 day moving average price of $9.80.
Eltek (NASDAQ:ELTK - Get Free Report) last posted its earnings results on Thursday, August 14th. The technology company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $12.53 million during the quarter. Eltek had a net margin of 6.26% and a return on equity of 7.40%. As a group, research analysts expect that Eltek Ltd. will post 0.87 earnings per share for the current year.
Institutional Trading of Eltek
A number of large investors have recently bought and sold shares of ELTK. Yelin Lapidot Holdings Management Ltd. boosted its position in shares of Eltek by 30.3% in the 1st 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 in the last quarter. Northern Trust Corp acquired a new position in Eltek in the fourth quarter worth $405,000. Finally, CSM Advisors LLC acquired a new position in shares of Eltek during the second quarter valued at $1,030,000. Institutional investors and hedge funds 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.
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