How have ELTK shares performed in 2023?

Eltek's stock was trading at $4.1143 at the beginning of 2023. Since then, ELTK stock has increased by 202.6% and is now trading at $12.45. View the best growth stocks for 2023 here .

Are investors shorting Eltek?

Eltek saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 18,200 shares, an increase of 11.7% from the October 31st total of 16,300 shares. Based on an average daily volume of 49,400 shares, the short-interest ratio is currently 0.4 days. Currently, 1.0% of the shares of the stock are short sold. View Eltek's Short Interest .

When is Eltek's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 14th 2024. View our ELTK earnings forecast .

How were Eltek's earnings last quarter?

Eltek Ltd. (NASDAQ:ELTK) issued its quarterly earnings data on Monday, August, 21st. The technology company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.02. The technology company had revenue of $11.04 million for the quarter, compared to analyst estimates of $10.90 million. Eltek had a trailing twelve-month return on equity of 25.57% and a net margin of 12.99%. During the same period in the prior year, the business posted $0.13 earnings per share.

How often does Eltek pay dividends? What is the dividend yield for Eltek?

Eltek declared an annual dividend on Tuesday, November 28th. Stockholders of record on Wednesday, December 13th will be paid a dividend of $0.22 per share on Thursday, December 21st. This represents a yield of 1.76%. The ex-dividend date is Tuesday, December 12th. Read our dividend analysis for ELTK .

Is Eltek a good dividend stock?

Eltek (NASDAQ:ELTK) pays an annual dividend of $0.22 per share and currently has a dividend yield of 1.31%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 22.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ELTK will have a dividend payout ratio of 17.74% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ELTK .

When did Eltek's stock split?

Eltek shares reverse split on Wednesday, November 22nd 2017. The 1-5 reverse split was announced on Wednesday, November 15th 2017. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, November 21st 2017. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

What other stocks do shareholders of Eltek own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Eltek investors own include Inovio Pharmaceuticals (INO) , Allena Pharmaceuticals (ALNA) , Energy Transfer (ET) , Nokia Oyj (NOK) , Pfizer (PFE) , Plug Power (PLUG) , AbbVie (ABBV) , Actinium Pharmaceuticals (ATNM) and Cara Therapeutics (CARA) .

Who are Eltek's major shareholders?

Eltek's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Navellier & Associates Inc. (0.68%) and UBS Group AG (0.26%).

How do I buy shares of Eltek?

Shares of ELTK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Does Eltek have any subsidiaries?

The following companies are subsidiares of Eltek: Eltek Europe GmbH, and Eltek USA Inc.. Read More

Eltek Stock Price, News & Analysis (NASDAQ:ELTK)

$12.45

-0.16 (-1.27%)

(As of 12/8/2023 ET)

Compare

Today's Range: $12.31
▼
$12.73
50-Day Range: $9.08
▼
$14.18
52-Week Range: $3.84
▼
$14.23

Volume: 16,518 shs
Average Volume: 36,214 shs
Market Capitalization: $72.83 million

P/E Ratio: 12.58
Dividend Yield: 1.77%
Price Target: N/A

Eltek MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
1.02% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 6.90%
From $1.16 to $1.24 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.82 out of 5 stars

Computer And Technology Sector

434th out of 595 stocks

Printed Circuit Boards Industry

7th out of 8 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Eltek.

3.0

Short Interest

Percentage of Shares Shorted
1.02% of the float of Eltek has been sold short.
Short Interest Ratio / Days to Cover
Eltek has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Eltek has recently increased by 11.66%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Eltek pays a meaningful dividend of 1.31%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Eltek has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Eltek is 22.22%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Eltek will have a dividend payout ratio of 17.74% next year. This indicates that Eltek will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ELTK.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Eltek this week, compared to 1 article on an average week.
MarketBeat Follows
Only 7 people have added Eltek to their MarketBeat watchlist in the last 30 days. This is a decrease of -30% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Eltek insiders have not sold or bought any company stock.
Percentage Held by Insiders
72.02% of the stock of Eltek is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 2.47% of the stock of Eltek is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Eltek are expected to grow by 6.90% in the coming year, from $1.16 to $1.24 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Eltek is 12.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.59.
Price to Earnings Ratio vs. Sector
The P/E ratio of Eltek is 12.58, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 253.52.
Price to Book Value per Share Ratio
Eltek has a P/B Ratio of 3.47. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Eltek Stock (NASDAQ:ELTK)

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 offers high density interconnect, flex-rigid, and multi-layered boards. It primarily serves manufacturers of defense and aerospace, medical, industrial, telecom, and networking equipment, as well as contract electronic manufacturers and others. The company markets and sells its products primarily through direct sales personnel, sales representatives, and PCB trading and manufacturing companies. Eltek Ltd. was incorporated in 1970 and is headquartered in Petach Tikva, Israel. Eltek Ltd. is a subsidiary of Nistec Golan Ltd.

ELTK Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ELTK Stock News Headlines

December 7, 2023 | finance.yahoo.com

Eltek (NASDAQ:ELTK) Could Be A Buy For Its Upcoming Dividend

November 28, 2023 | finance.yahoo.com

Eltek Declares a Cash Dividend of $0.22 per Share

December 8, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 27, 2023 | msn.com

Eltek (ELTK) Price Target Increased by 13.04% to 13.26

November 20, 2023 | msn.com

Eltek receives five purchase orders totaling $3.8M

November 20, 2023 | finance.yahoo.com

ELTK: Eltek reported strong 3rd quarter financial results which supports our price target of $14.00.

November 20, 2023 | finance.yahoo.com

Eltek receives five purchase orders totaling $3.8 million

November 17, 2023 | finance.yahoo.com

Eltek Ltd. (NASDAQ:ELTK) Q3 2023 Earnings Call Transcript

December 8, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 16, 2023 | finance.yahoo.com

Investors in Eltek (NASDAQ:ELTK) have seen splendid returns of 281% over the past five years

November 16, 2023 | markets.businessinsider.com

Eltek Q3 Profit Surges

November 16, 2023 | finance.yahoo.com

Eltek Ltd. Reports 2023 Third Quarter Financial Results

November 15, 2023 | benzinga.com

Eltek's Earnings Outlook

November 8, 2023 | finance.yahoo.com

Eltek Sets Earnings Release Date and Conference Call to Report Third Quarter 2023 Results on November 16, 2023

October 3, 2023 | finance.yahoo.com

Are Strong Financial Prospects The Force That Is Driving The Momentum In Eltek Ltd.'s NASDAQ:ELTK) Stock?

September 27, 2023 | stocknews.com

3 Tech Stocks to Add to Your Portfolio Today

September 21, 2023 | markets.businessinsider.com

Eltek Gets $2.9 Mln Purchase Order From Existing Customer

September 19, 2023 | finance.yahoo.com

Eltek receives a $2.9 million purchase order from an existing customer

August 22, 2023 | finance.yahoo.com

ELTK: Eltek reported strong 2nd quarter financial results which supports our price target of $11.00.

August 22, 2023 | finance.yahoo.com

Eltek Ltd. (NASDAQ:ELTK) Q2 2023 Earnings Call Transcript

August 21, 2023 | finance.yahoo.com

Eltek Ltd. Reports 2023 Second Quarter Financial Results

August 18, 2023 | benzinga.com

Preview: Eltek's Earnings

August 14, 2023 | finance.yahoo.com

Eltek Sets Earnings Release Date and Conference Call to Report Second Quarter 2023 Results on August 21, 2023

July 30, 2023 | finance.yahoo.com

Eltek (NASDAQ:ELTK) Is Doing The Right Things To Multiply Its Share Price

June 27, 2023 | finance.yahoo.com

Eltek Announces Repayment Of Its Bank Debt And Acceleration Of Its Current Investments In Production Equipment.

June 9, 2023 | finance.yahoo.com

Eltek (NASDAQ:ELTK) shareholders have earned a 38% CAGR over the last three years

May 19, 2023 | finance.yahoo.com

ELTK: Eltek reports strong 1st quarter financial results which supports new price target of $11.00.

See More Headlines

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Company Calendar

Last Earnings: 8/21/2023
Today: 12/08/2023
Ex-Dividend for 12/21 Dividend: 12/12/2023
Dividend Payable: 12/21/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 3/14/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Printed circuit boards
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:ELTK
CUSIP: N/A
CIK: 1024672
Web: www.nisteceltek.com
Phone: (723) 939-5050
Fax: 972-3934-2584
Employees: 294
Year Founded: 1970

Profitability

EPS (Most Recent Fiscal Year): $0.99
Trailing P/E Ratio: 12.58
Forward P/E Ratio: 10.73
P/E Growth: N/A
Net Income: $3.19 million
Net Margins: 12.99%
Pretax Margin: 15.60%
Return on Equity: 25.57%
Return on Assets: 14.05%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.43
Quick Ratio: 1.95

Sales & Book Value

Annual Sales: $44.85 million
Price / Sales: 1.62
Cash Flow: $0.78 per share
Price / Cash Flow: 16.01
Book Value: $3.59 per share
Price / Book: 3.47

Miscellaneous

Outstanding Shares: 5,850,000
Free Float: 1,637,000
Market Cap: $72.83 million
Optionable: Not Optionable
Beta: -1.41

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Key Executives

Mr. Eli Yaffe (Age 68)
Chief Executive Officer
Comp: $643.59k
Mr. Ron Freund (Age 58)
Chief Financial Officer
Comp: $293.54k
Mr. Itzik Zemach (Age 47)
Vice President of Operations
Comp: $268.96k
Mr. Oriel Sallary (Age 60)
Vice President of Worldwide Sales and Marketing
Comp: $209.66k
Mr. Sagi Balter (Age 42)
Vice President of Technology
Ms. Moran Aba
HR Manager

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

ELTK Stock Analysis - Frequently Asked Questions

How have ELTK shares performed in 2023?: Eltek's stock was trading at $4.1143 at the beginning of 2023. Since then, ELTK stock has increased by 202.6% and is now trading at $12.45.
View the best growth stocks for 2023 here.
Are investors shorting Eltek?: Eltek saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 18,200 shares, an increase of 11.7% from the October 31st total of 16,300 shares. Based on an average daily volume of 49,400 shares, the short-interest ratio is currently 0.4 days. Currently, 1.0% of the shares of the stock are short sold.
View Eltek's Short Interest.
When is Eltek's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, March 14th 2024.
View our ELTK earnings forecast.
How were Eltek's earnings last quarter?: Eltek Ltd. (NASDAQ:ELTK) issued its quarterly earnings data on Monday, August, 21st. The technology company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.02. The technology company had revenue of $11.04 million for the quarter, compared to analyst estimates of $10.90 million. Eltek had a trailing twelve-month return on equity of 25.57% and a net margin of 12.99%. During the same period in the prior year, the business posted $0.13 earnings per share.
How often does Eltek pay dividends? What is the dividend yield for Eltek?: Eltek declared an annual dividend on Tuesday, November 28th. Stockholders of record on Wednesday, December 13th will be paid a dividend of $0.22 per share on Thursday, December 21st. This represents a yield of 1.76%. The ex-dividend date is Tuesday, December 12th.
Read our dividend analysis for ELTK.
Is Eltek a good dividend stock?: Eltek (NASDAQ:ELTK) pays an annual dividend of $0.22 per share and currently has a dividend yield of 1.31%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 22.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ELTK will have a dividend payout ratio of 17.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ELTK.

When did Eltek's stock split?: Eltek shares reverse split on Wednesday, November 22nd 2017. The 1-5 reverse split was announced on Wednesday, November 15th 2017. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, November 21st 2017. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.
What other stocks do shareholders of Eltek own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Eltek investors own include Inovio Pharmaceuticals (INO), Allena Pharmaceuticals (ALNA), Energy Transfer (ET), Nokia Oyj (NOK), Pfizer (PFE), Plug Power (PLUG), AbbVie (ABBV), Actinium Pharmaceuticals (ATNM) and Cara Therapeutics (CARA).
Who are Eltek's major shareholders?: Eltek's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Navellier & Associates Inc. (0.68%) and UBS Group AG (0.26%).
How do I buy shares of Eltek?: Shares of ELTK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
Does Eltek have any subsidiaries?: The following companies are subsidiares of Eltek: Eltek Europe GmbH, and Eltek USA Inc..
Read More

This page (NASDAQ:ELTK) was last updated on 12/8/2023 by MarketBeat.com Staff

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