Eltek Ltd. (NASDAQ:ELTK - Get Free Report) was the recipient of a large decrease in short interest in May. As of May 31st, there was short interest totalling 8,200 shares, a decrease of 35.9% from the May 15th total of 12,800 shares. Approximately 0.3% of the company's stock are sold short. Based on an average daily volume of 17,000 shares, the short-interest ratio is currently 0.5 days.
Eltek Trading Down 1.5%
ELTK stock traded down $0.16 during mid-day trading on Thursday, hitting $10.31. 18,187 shares of the company were exchanged, compared to its average volume of 19,837. Eltek has a 1-year low of $7.65 and a 1-year high of $12.00. The stock has a market capitalization of $69.15 million, a PE ratio of 20.21 and a beta of 0.62. The business has a 50 day simple moving average of $9.55 and a 200-day simple moving average of $10.14.
Eltek (NASDAQ:ELTK - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The technology company reported $0.15 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%. Equities research analysts expect that Eltek will post 0.87 earnings per share for the current year.
Eltek Announces Dividend
The business also recently declared a -- dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 22nd were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, April 22nd. Eltek's dividend payout ratio (DPR) is presently 37.25%.
Institutional Investors Weigh In On Eltek
A number of large investors have recently bought and sold shares of ELTK. Essex Investment Management Co. LLC acquired a new stake in shares of Eltek during the 4th quarter worth approximately $99,000. Northern Trust Corp bought a new stake in shares of Eltek during the 4th quarter worth $405,000. Finally, Yelin Lapidot Holdings Management Ltd. boosted its stake in Eltek by 206.7% in the fourth quarter. Yelin Lapidot Holdings Management Ltd. now owns 209,024 shares of the technology company's stock valued at $2,312,000 after buying an additional 140,868 shares in the last quarter. 64.58% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen initiated coverage on shares of Eltek in a research report on Friday, May 16th. They set a "hold" rating on the stock.
View Our Latest Stock Analysis on Eltek
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.
Recommended Stories
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
