Eltek Ltd. (NASDAQ:ELTK - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.92 and traded as high as $10.18. Eltek shares last traded at $10.04, with a volume of 4,608 shares trading hands.
Analysts Set New Price Targets
Separately, Wall Street Zen assumed coverage on shares of Eltek in a report on Friday, May 16th. They issued a "hold" rating on the stock.
Get Our Latest Report on ELTK
Eltek Trading Down 0.6%
The stock's 50 day moving average price is $10.32 and its 200 day moving average price is $9.89. The company has a market cap of $68.68 million, a price-to-earnings ratio of 22.71 and a beta of 0.61.
Eltek (NASDAQ:ELTK - Get Free Report) last posted its quarterly earnings data 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 7.40%. The company had revenue of $12.53 million during the quarter. On average, equities analysts expect that Eltek Ltd. will post 0.87 earnings per share for the current fiscal year.
Institutional Trading of Eltek
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Yelin Lapidot Holdings Management Ltd. increased its position in 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 in the last quarter. CSM Advisors LLC acquired a new stake in Eltek during the 2nd quarter worth approximately $1,030,000. Finally, Northern Trust Corp acquired a new stake in Eltek during the 4th quarter worth approximately $405,000. Institutional investors and hedge funds 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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