Eltek Ltd. (NASDAQ:ELTK - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.37 and traded as low as $8.11. Eltek shares last traded at $8.19, with a volume of 2,352 shares traded.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Eltek in a research note on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Eltek presently has an average rating of "Hold".
Read Our Latest Stock Analysis on Eltek
Eltek Trading Down 3.1%
The business has a 50 day simple moving average of $8.63 and a 200-day simple moving average of $9.37. The stock has a market capitalization of $55.04 million, a price-to-earnings ratio of 68.25 and a beta of 0.70.
Eltek (NASDAQ:ELTK - Get Free Report) last released its quarterly earnings data on Monday, March 9th. The technology company reported ($0.05) EPS for the quarter. The firm had revenue of $13.24 million during the quarter. Eltek had a return on equity of 1.85% and a net margin of 1.59%. Research analysts predict that Eltek Ltd. will post 0.87 EPS for the current year.
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. It primarily serves medical technology, defense and aerospace, industrial, telecom, and networking equipment industries, as well as contract electronic manufacturers.
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