StockNews.com started coverage on shares of Eltek (NASDAQ:ELTK - Get Free Report) in a research note issued on Wednesday. The brokerage set a "hold" rating on the technology company's stock.
Eltek Price Performance
Shares of Eltek stock traded down $0.04 during trading on Wednesday, hitting $11.36. The stock had a trading volume of 13,930 shares, compared to its average volume of 10,908. The firm has a market cap of $68.91 million, a P/E ratio of 13.36 and a beta of 0.36. The business has a fifty day moving average of $11.24 and a two-hundred day moving average of $10.95. Eltek has a fifty-two week low of $9.00 and a fifty-two week high of $14.04.
Institutional Trading of Eltek
Several institutional investors have recently modified their holdings of ELTK. Foundry Partners LLC raised its position in shares of Eltek by 14.2% during the third quarter. Foundry Partners LLC now owns 242,470 shares of the technology company's stock worth $2,645,000 after purchasing an additional 30,200 shares during the period. Yelin Lapidot Holdings Management Ltd. raised 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 purchasing an additional 140,868 shares during the period. Northern Trust Corp acquired a new stake in shares of Eltek during the fourth quarter worth $405,000. Sunbelt Securities Inc. raised its position in shares of Eltek by 10.9% during the third quarter. Sunbelt Securities Inc. now owns 10,361 shares of the technology company's stock worth $113,000 after purchasing an additional 1,020 shares during the period. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Eltek during the fourth quarter worth $99,000. Institutional investors and hedge funds own 64.58% of the company's stock.
About Eltek
(
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.
Featured Stories
Before you consider Eltek, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eltek wasn't on the list.
While Eltek currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
