NASDAQ:ELTK Eltek (ELTK) Stock Forecast, Price & News $8.82 -1.10 (-11.09%) (As of 12:08 PM ET) Add Compare Share Share Today's Range$8.38▼$9.9050-Day Range$3.90▼$9.9252-Week Range$3.56▼$9.96Volume67,578 shsAverage Volume21,296 shsMarket Capitalization$51.60 millionP/E Ratio12.42Dividend Yield1.93%Price TargetN/A ProfileProfileChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Eltek MarketRank™ ForecastAnalyst RatingN/AUpside/DownsideN/AShort InterestHealthy0.41% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth13.83%From $0.94 to $1.07 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.29 out of 5 starsComputer And Technology Sector461st out of 1,226 stocksPrinted Circuit Boards Industry9th out of 20 stocks N/A Analyst's Opinion Consensus RatingThere is not enough analysis data for Eltek. Previous Next 4.0 Short Interest Percentage of Shares Shorted0.41% of the float of Eltek has been sold short.Short Interest Ratio / Days to CoverEltek has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Eltek has recently decreased by 2.67%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend YieldEltek pays a meaningful dividend of 2.04%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthEltek does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Eltek is 23.94%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Eltek will have a dividend payout ratio of 15.89% next year. This indicates that Eltek will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ELTK. Previous Next 0.6 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for Eltek this week, compared to 1 article on an average week.Search Interest6 people have searched for ELTK on MarketBeat in the last 30 days. MarketBeat FollowsOnly 1 people have added Eltek to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Eltek insiders have not sold or bought any company stock.Percentage Held by Insiders72.02% 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 InstitutionsOnly 2.15% of the stock of Eltek is held by institutions. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Eltek are expected to grow by 13.83% in the coming year, from $0.94 to $1.07 per share.Price to Earnings Ratio vs. the MarketThe 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 129.77.Price to Earnings Ratio vs. SectorThe 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 312.97.Price to Book Value per Share RatioEltek has a P/B Ratio of 2.37. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Eltek (NASDAQ:ELTK) StockEltek Ltd. is engaged in the development, manufacture, marketing, and sale of custom made printed circuit boards. Its products include flex-rigid boards, rigid multilayer boards, high density interconnect, flex and multi-flex boards, Teflon and hybrid boards and backplanes. The company was founded on January 1, 1970 and is headquartered in Petach Tikva, Israel.Read More Receive ELTK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Eltek and its competitors with MarketBeat's FREE daily newsletter. Email Address ELTK Stock News HeadlinesMay 26, 2023 | americanbankingnews.comEltek (NASDAQ:ELTK) Coverage Initiated at StockNews.comMay 19, 2023 | finance.yahoo.comELTK: Eltek reports strong 1st quarter financial results which supports new price target of $11.00.June 1, 2023 | Edge On The Street (Ad)The $193 Billion US-China War You Don't Know AboutThey're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.May 19, 2023 | americanbankingnews.comStockNews.com Begins Coverage on Eltek (NASDAQ:ELTK)May 18, 2023 | msn.comNetflix, Synopsys, Madison Square Garden Entertainment And Other Big Stocks Moving Higher On ThursdayMay 18, 2023 | benzinga.comEltek shares are trading higher after the company reported better-than-expected Q1 financial results.May 18, 2023 | msn.comEarnings Scheduled For May 18, 2023May 18, 2023 | finance.yahoo.comEltek Ltd. Reports 2023 First Quarter Financial ResultsJune 1, 2023 | Edge On The Street (Ad)The $193 Billion US-China War You Don't Know AboutThey're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.May 17, 2023 | msn.comEltek's Earnings: A PreviewMay 16, 2023 | americanbankingnews.comEltek (ELTK) Set to Announce Earnings on ThursdayMay 9, 2023 | finance.yahoo.comEltek Sets Earnings Release Date and Conference Call to Report First Quarter 2023 Results on May 18, 2023May 9, 2023 | americanbankingnews.comEltek (NASDAQ:ELTK) Coverage Initiated by Analysts at StockNews.comMay 2, 2023 | americanbankingnews.comEltek (NASDAQ:ELTK) Now Covered by StockNews.comApril 26, 2023 | finance.yahoo.comCould The Market Be Wrong About Eltek Ltd. (NASDAQ:ELTK) Given Its Attractive Financial Prospects?April 23, 2023 | americanbankingnews.comEltek (NASDAQ:ELTK) Receives New Coverage from Analysts at StockNews.comApril 19, 2023 | americanbankingnews.comEltek Ltd. (NASDAQ:ELTK) Sees Large Growth in Short InterestApril 16, 2023 | americanbankingnews.comStockNews.com Initiates Coverage on Eltek (NASDAQ:ELTK)April 8, 2023 | americanbankingnews.comEltek Ltd. (NASDAQ:ELTK) Expected to Earn Q1 2023 Earnings of $0.13 Per ShareApril 4, 2023 | msn.comELTK: INITIATION: Established Israeli based manufacturer of Printed Circuit Boards entering new growth phase. The company is experiencing strong market demand from the military ...April 4, 2023 | finance.yahoo.comELTK: INITIATION: Established Israeli based manufacturer of Printed Circuit Boards entering new growth phase. The company is experiencing strong market demand from the military, defense, space and aerospace industries.March 23, 2023 | finance.yahoo.comEltek Announces Filing of 2022 Annual ReportMarch 22, 2023 | americanbankingnews.comEltek (NASDAQ:ELTK) Now Covered by Analysts at StockNews.comMarch 13, 2023 | finance.yahoo.comEltek Ltd. (NASDAQ:ELTK) Q4 2022 Earnings Call TranscriptMarch 9, 2023 | msn.comEltek GAAP EPS of $0.14, revenue of $10.48MMarch 9, 2023 | finance.yahoo.comEltek Ltd. Reports Full year and Fourth Quarter 2022 Financial ResultsMarch 1, 2023 | finance.yahoo.comEltek Sets Earnings Release Date and Conference Call to Report Fourth Quarter 2022 and Annual Results on March 9, 2023See More Headlines ELTK Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ELTK Company Calendar Last Earnings3/09/2023Today6/01/2023Next Earnings (Estimated)8/16/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Printed circuit boards Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:ELTK CUSIPN/A CIK1024672 Webwww.nisteceltek.com Phone(723) 939-5050Fax972-3934-2584Employees264Year Founded1970Profitability EPS (Most Recent Fiscal Year)$0.71 Trailing P/E Ratio13.97 Forward P/E Ratio10.55 P/E GrowthN/ANet Income$3.19 million Net Margins9.97% Pretax Margin12.00% Return on Equity19.53% Return on Assets10.09% Debt Debt-to-Equity Ratio0.07 Current Ratio2.22 Quick Ratio1.74 Sales & Book Value Annual Sales$39.65 million Price / Sales1.46 Cash Flow$1.07 per share Price / Cash Flow9.27 Book Value$3.77 per share Price / Book2.63Miscellaneous Outstanding Shares5,850,000Free Float1,637,000Market Cap$58.03 million OptionableNot Optionable Beta-1.41 Social Links Key ExecutivesEli YaffeChief Executive OfficerYitzhak ZemachVice President-OperationsRon FreundChief Financial Officer & Vice President-FinanceSagi BalterVice President-Technology & Process EngineeringShlomi KislukQuality ManagerKey CompetitorsKey TronicNASDAQ:KTCCSigmaTron InternationalNASDAQ:SGMACPS TechnologiesNASDAQ:CPSHSonim TechnologiesNASDAQ:SONMDeswell IndustriesNASDAQ:DSWLView All CompetitorsInstitutional OwnershipRenaissance Technologies LLCBought 5,631 shares on 5/12/2023Ownership: 1.068%View All Institutional Transactions ELTK Stock - 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 141.1% and is now trading at $9.92. View the best growth stocks for 2023 here. When is Eltek's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 16th 2023. View our ELTK earnings forecast. How were Eltek's earnings last quarter? Eltek Ltd. (NASDAQ:ELTK) issued its quarterly earnings results on Thursday, March, 9th. The technology company reported $0.14 earnings per share (EPS) for the quarter. Eltek had a net margin of 9.97% and a trailing twelve-month return on equity of 19.53%. How often does Eltek pay dividends? What is the dividend yield for Eltek? Eltek announced a dividend on Wednesday, November 23rd. Shareholders of record on Monday, December 12th will be given a dividend of $0.17 per share on Monday, December 19th. This represents a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, December 9th. Read our dividend analysis for ELTK. Is Eltek a good dividend stock? Eltek (NASDAQ:ELTK) pays an annual dividend of $0.17 per share and currently has a dividend yield of 2.27%. The dividend payout ratio is 23.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ELTK will have a dividend payout ratio of 15.89% 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 before market open 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 market closes 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). What is Eltek's stock symbol? Eltek trades on the NASDAQ under the ticker symbol "ELTK." Who are Eltek's major shareholders? Eltek's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (1.07%). 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. What is Eltek's stock price today? One share of ELTK stock can currently be purchased for approximately $9.92. How much money does Eltek make? Eltek (NASDAQ:ELTK) has a market capitalization of $58.03 million and generates $39.65 million in revenue each year. The technology company earns $3.19 million in net income (profit) each year or $0.71 on an earnings per share basis. How many employees does Eltek have? The company employs 264 workers across the globe. Does Eltek have any subsidiaries? The following companies are subsidiares of Eltek: Eltek Europe GmbH, and Eltek USA Inc..Read More How can I contact Eltek? Eltek's mailing address is 20 BEN ZION GELIS STREET SGOOLA INDUSTRIAL ZONE, PETACH TIKVA L3, 4927920. The official website for the company is www.nisteceltek.com. The technology company can be reached via phone at (723) 939-5050, via email at cntf@globalirpartners.com, or via fax at 972-3934-2584. 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