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 $10.84 and traded as high as $11.49. Eltek shares last traded at $11.43, with a volume of 6,840 shares trading hands.
Eltek Stock Performance
The firm has a market cap of $68.56 million, a price-to-earnings ratio of 13.29 and a beta of 0.45. The company's fifty day moving average is $11.14 and its two-hundred day moving average is $10.86.
Institutional Investors Weigh In On Eltek
Institutional investors and hedge funds have recently modified their holdings of the stock. Essex Investment Management Co. LLC acquired a new position in Eltek during the 4th quarter worth approximately $99,000. Sunbelt Securities Inc. raised its stake 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 valued at $113,000 after purchasing an additional 1,020 shares during the period. Northern Trust Corp acquired a new position in shares of Eltek during the fourth quarter worth $405,000. Yelin Lapidot Holdings Management Ltd. boosted its stake in shares of Eltek by 206.7% in the fourth quarter. Yelin Lapidot Holdings Management Ltd. now owns 209,024 shares of the technology company's stock valued at $2,312,000 after purchasing an additional 140,868 shares during the period. Finally, Foundry Partners LLC grew its holdings in Eltek by 14.2% during 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 in the last quarter. Hedge funds and other institutional investors 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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