Eltek Ltd. (NASDAQ:ELTK - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.99 and traded as high as $10.40. Eltek shares last traded at $10.02, with a volume of 5,186 shares trading hands.
Analysts Set New Price Targets
Separately, Wall Street Zen started coverage on Eltek in a research note on Friday, May 16th. They issued a "hold" rating on the stock.
Get Our Latest Report on Eltek
Eltek Price Performance
The business has a 50 day simple moving average of $10.29 and a 200 day simple moving average of $9.97. The stock has a market cap of $68.71 million, a PE ratio of 20.08 and a beta of 0.61.
Eltek (NASDAQ:ELTK - Get Free Report) last issued its earnings results on Tuesday, May 20th. The technology company reported $0.15 EPS for the quarter. Eltek had a return on equity of 8.67% and a net margin of 7.34%. The firm had revenue of $12.76 million for the quarter. As a group, sell-side analysts forecast that Eltek Ltd. will post 0.87 earnings per share for the current fiscal year.
Institutional Trading of Eltek
Several large investors have recently made changes to their positions in the stock. CSM Advisors LLC acquired a new position in shares of Eltek during the 2nd quarter worth about $1,030,000. Yelin Lapidot Holdings Management Ltd. lifted its position in shares of Eltek by 30.3% during the 1st quarter. Yelin Lapidot Holdings Management Ltd. now owns 272,282 shares of the technology company's stock worth $2,268,000 after purchasing an additional 63,258 shares during the last quarter. Finally, Northern Trust Corp acquired a new position in shares of Eltek during the 4th quarter worth about $405,000. 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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