Investment analysts at StockNews.com initiated coverage on shares of Eltek (NASDAQ:ELTK - Get Free Report) in a report issued on Friday. The brokerage set a "hold" rating on the technology company's stock.
Eltek Trading Down 1.1%
Shares of NASDAQ:ELTK opened at $10.92 on Friday. The firm has a market cap of $73.32 million, a price-to-earnings ratio of 12.85 and a beta of 0.57. Eltek has a 1 year low of $7.65 and a 1 year high of $12.47. The business has a fifty day simple moving average of $8.74 and a 200 day simple moving average of $10.29.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Essex Investment Management Co. LLC acquired a new stake in Eltek during the fourth quarter worth about $99,000. Northern Trust Corp acquired a new stake in shares of Eltek during the 4th quarter worth about $405,000. Finally, Yelin Lapidot Holdings Management Ltd. boosted its holdings in shares of Eltek by 206.7% in the 4th quarter. Yelin Lapidot Holdings Management Ltd. now owns 209,024 shares of the technology company's stock worth $2,312,000 after acquiring an additional 140,868 shares in the last quarter. Institutional investors and hedge funds 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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