StockNews.com assumed coverage on shares of Eltek (NASDAQ:ELTK - Free Report) in a research note published on Saturday. The brokerage issued a hold rating on the technology company's stock.
Eltek Price Performance
Shares of ELTK traded down $0.10 during mid-day trading on Friday, hitting $8.35. The stock had a trading volume of 12,024 shares, compared to its average volume of 25,504. Eltek has a 52 week low of $8.05 and a 52 week high of $12.47. The business has a fifty day moving average price of $10.36 and a 200-day moving average price of $10.70. The firm has a market cap of $50.68 million, a P/E ratio of 9.82 and a beta of 0.36.
Hedge Funds Weigh In On Eltek
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ELTK. Sunbelt Securities Inc. lifted its stake in shares of Eltek by 10.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 10,361 shares of the technology company's stock valued at $113,000 after buying an additional 1,020 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. lifted its position in shares of Eltek by 206.7% during the fourth 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. Essex Investment Management Co. LLC purchased a new stake in shares of Eltek during the fourth quarter worth $99,000. Finally, Northern Trust Corp bought a new position in shares of Eltek in the fourth quarter worth $405,000. Institutional investors own 64.58% of the company's stock.
About Eltek
(
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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.
Further Reading
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