Yelin Lapidot Holdings Management Ltd. increased its position in Eltek Ltd. (NASDAQ:ELTK - Free Report) by 30.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 272,282 shares of the technology company's stock after acquiring an additional 63,258 shares during the quarter. Yelin Lapidot Holdings Management Ltd. owned about 4.06% of Eltek worth $2,268,000 as of its most recent SEC filing.
Separately, Northern Trust Corp bought a new stake in Eltek during the 4th quarter valued at $405,000. 64.58% of the stock is owned by institutional investors.
Eltek Stock Down 0.4%
ELTK traded down $0.05 during trading on Friday, reaching $10.35. 3,564 shares of the company were exchanged, compared to its average volume of 21,424. Eltek Ltd. has a 12-month low of $7.65 and a 12-month high of $12.19. The company's 50-day moving average is $10.05 and its two-hundred day moving average is $10.10. The company has a market cap of $69.41 million, a price-to-earnings ratio of 20.28 and a beta of 0.62.
Eltek (NASDAQ:ELTK - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The technology company reported $0.15 earnings per share (EPS) for the quarter. Eltek had a net margin of 7.34% and a return on equity of 8.67%. The firm had revenue of $12.76 million for the quarter. Equities analysts forecast that Eltek Ltd. will post 0.87 earnings per share for the current year.
Eltek Dividend Announcement
The company also recently announced a -- dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 22nd were paid a $0.19 dividend. The ex-dividend date was Tuesday, April 22nd. Eltek's dividend payout ratio is presently 37.25%.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen started coverage on Eltek in a report on Friday, May 16th. They issued a "hold" rating for the company.
Read Our Latest Stock Report on Eltek
About Eltek
(
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.
Read More
Before you consider Eltek, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eltek wasn't on the list.
While Eltek currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
