Eltek Ltd. (NASDAQ:ELTK - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.01 and traded as high as $10.59. Eltek shares last traded at $10.45, with a volume of 31,023 shares trading hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen started coverage on Eltek in a report on Friday, May 16th. They issued a "hold" rating for the company.
Read Our Latest Stock Report on Eltek
Eltek Stock Down 0.1%
The firm's 50 day simple moving average is $10.25 and its 200 day simple moving average is $10.01. The company has a market capitalization of $70.19 million, a PE ratio of 20.50 and a beta of 0.62.
Eltek (NASDAQ:ELTK - Get Free Report) last announced its earnings results on Tuesday, May 20th. The technology company reported $0.15 earnings per share for the quarter. Eltek had a net margin of 7.34% and a return on equity of 8.67%. The business had revenue of $12.76 million for the quarter. As a group, sell-side analysts predict that Eltek Ltd. will post 0.87 EPS for the current fiscal year.
Institutional Trading of Eltek
An institutional investor recently raised its position in Eltek stock. Yelin Lapidot Holdings Management Ltd. lifted its holdings in Eltek Ltd. (NASDAQ:ELTK - Free Report) by 30.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 272,282 shares of the technology company's stock after buying an additional 63,258 shares during the quarter. Yelin Lapidot Holdings Management Ltd. owned approximately 4.06% of Eltek worth $2,268,000 at the end of the most recent quarter. Institutional investors own 64.58% of the company's stock.
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.
Further Reading
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