Shares of Eltek Ltd. (NASDAQ:ELTK - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.54 and traded as high as $11.00. Eltek shares last traded at $11.00, with a volume of 19,529 shares traded.
Eltek Stock Up 1.5 %
The stock has a market capitalization of $67.80 million, a PE ratio of 11.60 and a beta of 0.45. The stock's 50-day moving average is $10.70 and its 200 day moving average is $10.54.
Eltek (NASDAQ:ELTK - Get Free Report) last posted its quarterly earnings results on Thursday, August 15th. The technology company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.14). Eltek had a return on equity of 18.75% and a net margin of 12.85%. The company had revenue of $10.47 million during the quarter, compared to analyst estimates of $11.90 million. During the same period last year, the company posted $0.22 earnings per share. As a group, equities research analysts forecast that Eltek Ltd. will post 1.02 EPS for the current year.
Institutional Investors Weigh In On Eltek
An institutional investor recently bought a new position in Eltek stock. Foundry Partners LLC bought a new position in Eltek Ltd. (NASDAQ:ELTK - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 123,905 shares of the technology company's stock, valued at approximately $1,380,000. Foundry Partners LLC owned approximately 2.04% of Eltek as of its most recent SEC filing. Institutional investors 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.
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