Eltek Ltd. (NASDAQ:ELTK - Get Free Report)'s share price crossed 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 traded.
Eltek Stock Performance
The stock has a market cap of $68.14 million, a PE ratio of 22.53 and a beta of 0.55. The business has a 50-day moving average of $10.25 and a 200 day moving average of $9.77.
Eltek (NASDAQ:ELTK - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The technology company reported $0.05 EPS for the quarter. The firm had revenue of $12.53 million during the quarter. Eltek had a return on equity of 7.40% and a net margin of 6.26%. Equities analysts expect that Eltek Ltd. will post 0.87 EPS for the current fiscal year.
Institutional Trading of Eltek
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp purchased a new stake in Eltek during the 4th quarter worth about $405,000. CSM Advisors LLC acquired a new stake in Eltek in the 2nd quarter worth about $1,030,000. Finally, Yelin Lapidot Holdings Management Ltd. boosted its stake in 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 during the last quarter. Hedge funds and other institutional investors 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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