Shares of Eltek Ltd. (NASDAQ:ELTK - Get Free Report) passed 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 traded.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen initiated coverage on Eltek in a research note on Friday, May 16th. They issued a "hold" rating for the company.
Read Our Latest Report on ELTK
Eltek Price Performance
The company has a market capitalization of $68.71 million, a price-to-earnings ratio of 20.08 and a beta of 0.62. The stock's fifty day simple moving average is $10.30 and its two-hundred day simple moving average is $10.06.
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 for the quarter. The firm had revenue of $12.76 million for the quarter. Eltek had a net margin of 7.34% and a return on equity of 8.67%. On average, sell-side analysts predict that Eltek Ltd. will post 0.87 EPS for the current year.
Hedge Funds Weigh In On Eltek
An institutional investor recently raised its position in Eltek stock. Yelin Lapidot Holdings Management Ltd. boosted its holdings in Eltek Ltd. (NASDAQ:ELTK - Free Report) by 30.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 reporting period. Hedge funds and other institutional investors own 64.58% of the company's stock.
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.
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