Eltek Ltd. (NASDAQ:ELTK - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.12 and traded as low as $8.42. Eltek shares last traded at $10.13, with a volume of 278,920 shares trading hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen started coverage on shares of Eltek in a report on Friday, May 16th. They set a "hold" rating for the company.
Check Out Our Latest Research Report on Eltek
Eltek Stock Down 1.7%
The company has a market capitalization of $70.46 million, a P/E ratio of 20.59 and a beta of 0.62. The business has a 50 day moving average of $9.79 and a 200 day moving average of $10.12.
Eltek (NASDAQ:ELTK - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The technology company reported $0.15 earnings per share (EPS) for the quarter. The business had revenue of $12.76 million for the quarter. Eltek had a return on equity of 8.67% and a net margin of 7.34%. On average, research analysts anticipate that Eltek Ltd. will post 0.87 EPS for the current year.
Eltek Dividend Announcement
The firm also recently disclosed a -- dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 22nd were paid a $0.19 dividend. The ex-dividend date was Tuesday, April 22nd. Eltek's payout ratio is currently 37.25%.
Institutional Trading of Eltek
Several hedge funds have recently made changes to their positions in the business. Essex Investment Management Co. LLC purchased a new position in Eltek in the fourth quarter worth about $99,000. Northern Trust Corp bought a new stake in shares of Eltek in the 4th quarter valued at approximately $405,000. Finally, Yelin Lapidot Holdings Management Ltd. boosted its holdings in shares of Eltek by 206.7% in the 4th quarter. Yelin Lapidot Holdings Management Ltd. now owns 209,024 shares of the technology company's stock worth $2,312,000 after purchasing an additional 140,868 shares during the period. 64.58% of the stock is currently owned by hedge funds and other institutional investors.
Eltek Company Profile
(
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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