Eltek Ltd. (NASDAQ:ELTK - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.29 and traded as high as $11.18. Eltek shares last traded at $10.92, with a volume of 14,605 shares trading hands.
Wall Street Analyst Weigh In
Separately, StockNews.com began coverage on shares of Eltek in a research note on Friday. They issued a "hold" rating on the stock.
Get Our Latest Research Report on Eltek
Eltek Price Performance
The stock has a market capitalization of $73.32 million, a PE ratio of 12.85 and a beta of 0.57. The stock's 50 day simple moving average is $8.74 and its two-hundred day simple moving average is $10.29.
Eltek Dividend Announcement
The firm also recently declared a -- dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 22nd were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, April 22nd. Eltek's payout ratio is currently 30.16%.
Institutional Trading of Eltek
Institutional investors have recently modified their holdings of the business. Essex Investment Management Co. LLC purchased a new stake in shares of Eltek during the 4th quarter valued at approximately $99,000. Northern Trust Corp purchased a new stake in shares of Eltek during the 4th quarter valued at approximately $405,000. Finally, Yelin Lapidot Holdings Management Ltd. lifted its stake in shares of Eltek by 30.3% during the 1st quarter. Yelin Lapidot Holdings Management Ltd. now owns 272,282 shares of the technology company's stock valued at $2,268,000 after buying an additional 63,258 shares in the last quarter. 64.58% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading
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