Shares of Eltek Ltd. (NASDAQ:ELTK - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.06 and traded as high as $10.49. Eltek shares last traded at $10.24, with a volume of 13,736 shares.
Wall Street Analyst Weigh In
Separately, Wall Street Zen began coverage on Eltek in a research report on Friday, May 16th. They set a "hold" rating for the company.
Get Our Latest Report on Eltek
Eltek Price Performance
The stock has a market capitalization of $69.78 million, a price-to-earnings ratio of 20.39 and a beta of 0.62. The business has a 50 day simple moving average of $10.29 and a 200-day simple moving average of $10.05.
Eltek (NASDAQ:ELTK - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The technology company reported $0.15 earnings per share (EPS) for the quarter. The firm 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%. As a group, equities analysts predict that Eltek Ltd. will post 0.87 earnings per share for the current year.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Eltek stock. Northern Trust Corp bought a new stake in Eltek Ltd. (NASDAQ:ELTK - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 36,616 shares of the technology company's stock, valued at approximately $405,000. Northern Trust Corp owned 0.60% of Eltek at the end of the most recent reporting period. Hedge funds and other 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.
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