Shares of Eltek Ltd. (NASDAQ:ELTK - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.53 and traded as high as $11.10. Eltek shares last traded at $11.06, with a volume of 10,841 shares traded.
Eltek Price Performance
The business has a 50-day moving average of $10.93 and a 200 day moving average of $10.53. The company has a market capitalization of $67.12 million, a PE ratio of 13.01 and a beta of 0.44.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of ELTK. Sunbelt Securities Inc. increased its position in Eltek by 10.9% in 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 last quarter. Renaissance Technologies LLC raised its position in shares of Eltek by 1.5% during the 2nd quarter. Renaissance Technologies LLC now owns 90,723 shares of the technology company's stock valued at $885,000 after buying an additional 1,300 shares in the last quarter. Finally, Foundry Partners LLC raised its position in shares of Eltek by 71.3% during the 2nd quarter. Foundry Partners LLC now owns 212,270 shares of the technology company's stock valued at $2,070,000 after buying an additional 88,365 shares in the last quarter. 64.58% of the stock is currently owned by institutional investors.
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.
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