Shares of Eltek Ltd. (NASDAQ:ELTK - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.91 and traded as high as $11.50. Eltek shares last traded at $11.49, with a volume of 6,957 shares changing hands.
Eltek Price Performance
The firm has a market cap of $67.97 million, a price-to-earnings ratio of 13.18 and a beta of 0.45. The company's 50 day simple moving average is $11.21 and its 200 day simple moving average is $10.91.
Institutional Trading of Eltek
Hedge funds and other institutional investors have recently made changes to their positions in the company. Yelin Lapidot Holdings Management Ltd. increased its stake in Eltek by 206.7% in the 4th quarter. Yelin Lapidot Holdings Management Ltd. now owns 209,024 shares of the technology company's stock valued at $2,312,000 after buying an additional 140,868 shares during the period. Sunbelt Securities Inc. grew its position in shares of Eltek by 10.9% in the third quarter. Sunbelt Securities Inc. now owns 10,361 shares of the technology company's stock valued at $113,000 after purchasing an additional 1,020 shares during the period. Foundry Partners LLC boosted its holdings in shares of Eltek by 14.2% in the 3rd quarter. Foundry Partners LLC now owns 242,470 shares of the technology company's stock valued at $2,645,000 after purchasing an additional 30,200 shares during the last quarter. Northern Trust Corp acquired a new position in shares of Eltek in the 4th quarter valued at about $405,000. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of Eltek in the fourth quarter worth about $99,000. Institutional investors and hedge funds own 64.58% of the company's stock.
Eltek Company Profile
(
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.
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