Eltek Ltd. (NASDAQ:ELTK - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.96 and traded as high as $10.39. Eltek shares last traded at $10.23, with a volume of 8,421 shares changing hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen began coverage on shares of Eltek in a research report on Friday, May 16th. They set a "hold" rating on the stock.
Read Our Latest Report on Eltek
Eltek Stock Performance
The company has a market capitalization of $69.72 million, a P/E ratio of 22.96 and a beta of 0.61. The business's fifty day simple moving average is $10.30 and its 200-day simple moving average is $9.92.
Eltek (NASDAQ:ELTK - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The technology company reported $0.05 EPS for the quarter. Eltek had a net margin of 6.26% and a return on equity of 7.56%. The firm had revenue of $12.53 million during the quarter. As a group, analysts forecast that Eltek Ltd. will post 0.87 EPS for the current year.
Institutional Trading of Eltek
Several large investors have recently made changes to their positions in ELTK. Northern Trust Corp purchased a new stake in shares of Eltek in the 4th quarter valued at $405,000. CSM Advisors LLC purchased a new stake in Eltek during the second quarter worth $1,030,000. Finally, Yelin Lapidot Holdings Management Ltd. boosted its holdings in Eltek by 30.3% during the first 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 in the last quarter. 64.58% of the stock is 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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