How have ELTK shares performed in 2023?

Eltek's stock was trading at $4.1143 on January 1st, 2023. Since then, ELTK shares have increased by 200.2% and is now trading at $12.35. 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 days-to-cover ratio is presently 0.4 days. Currently, 1.0% of the company's stock are sold short. 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) posted its quarterly earnings data on Monday, August, 21st. The technology company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02. The technology company had revenue of $11.04 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $0.13 EPS.

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

Eltek declared an annual dividend on Tuesday, November 28th. Investors 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 $0.17 per share and currently has a dividend yield of 1.29%. The dividend payout ratio is 17.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ELTK will have a dividend payout ratio of 13.71% 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 many different institutional and retail 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)

$12.11

+0.17 (+1.42%)

(As of 12:48 PM ET)

Compare

Today's Range: $11.90
▼
$12.75
50-Day Range: $8.83
▼
$14.18
52-Week Range: $3.84
▼
$14.23

Volume: 27,213 shs
Average Volume: 35,966 shs
Market Capitalization: $70.84 million

P/E Ratio: 12.23
Dividend Yield: 1.40%
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: 0.85
Based on 8 Articles This Week
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.

2.36 out of 5 stars

Computer And Technology Sector

177th out of 599 stocks

Printed Circuit Boards Industry

3rd out of 9 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 1.29%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Eltek does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Eltek is 17.17%. 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 13.71% 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.

3.3

News and Social Media Coverage

News Sentiment
Eltek has a news sentiment score of 0.85. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Eltek this week, compared to 1 article on an average week.
MarketBeat Follows
10 people have added Eltek to their MarketBeat watchlist in the last 30 days. This is an increase of 11% 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 12.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.53.
Price to Earnings Ratio vs. Sector
The P/E ratio of Eltek is 12.47, 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 227.53.
Price to Book Value per Share Ratio
Eltek has a P/B Ratio of 2.92. P/B Ratios below 3 indicates that a company is reasonably valued 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

November 28, 2023 | finance.yahoo.com

Eltek Declares a Cash Dividend of $0.22 per Share

November 27, 2023 | msn.com

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

November 29, 2023 | Tomorrow Investor (Ad)

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November 27, 2023 | americanbankingnews.com

Eltek (NASDAQ:ELTK) Rating Lowered to Buy at StockNews.com

November 23, 2023 | americanbankingnews.com

Zacks Small Cap Equities Analysts Increase Earnings Estimates for Eltek Ltd. (NASDAQ:ELTK)

November 22, 2023 | americanbankingnews.com

FY2023 EPS Estimates for Eltek Ltd. (NASDAQ:ELTK) Increased by Analyst

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 29, 2023 | Tomorrow Investor (Ad)

The Only Practical Solution to the World’s Looming Energy Crisis

There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!

November 20, 2023 | finance.yahoo.com

Eltek receives five purchase orders totaling $3.8 million

November 19, 2023 | americanbankingnews.com

Eltek (NASDAQ:ELTK) Rating Increased to Strong-Buy at StockNews.com

November 17, 2023 | finance.yahoo.com

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

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

See More Headlines

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Company Calendar

Last Earnings: 8/21/2023
Today: 11/29/2023
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: 12.20
Forward P/E Ratio: 10.41
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: $39.65 million
Price / Sales: 1.78
Cash Flow: $0.74 per share
Price / Cash Flow: 16.27
Book Value: $4.23 per share
Price / Book: 2.86

Miscellaneous

Outstanding Shares: 5,850,000
Free Float: 1,637,000
Market Cap: $70.67 million
Optionable: Not Optionable
Beta: -1.57

Social Links

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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 on January 1st, 2023. Since then, ELTK shares have increased by 200.2% and is now trading at $12.35.
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 days-to-cover ratio is presently 0.4 days. Currently, 1.0% of the company's stock are sold short.
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) posted its quarterly earnings data on Monday, August, 21st. The technology company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02. The technology company had revenue of $11.04 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $0.13 EPS.
How often does Eltek pay dividends? What is the dividend yield for Eltek?: Eltek declared an annual dividend on Tuesday, November 28th. Investors 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 $0.17 per share and currently has a dividend yield of 1.29%. The dividend payout ratio is 17.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ELTK will have a dividend payout ratio of 13.71% 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 many different institutional and retail 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 11/29/2023 by MarketBeat.com Staff

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