Eltek Ltd. (NASDAQ:ELTK - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.56 and traded as high as $11.47. Eltek shares last traded at $11.33, with a volume of 11,476 shares.
Eltek Stock Up 0.8 %
The stock's fifty day moving average is $11.00 and its 200-day moving average is $10.58. The stock has a market cap of $68.77 million, a price-to-earnings ratio of 13.33 and a beta of 0.44.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 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. Renaissance Technologies LLC increased its stake in Eltek by 1.5% during the 2nd quarter. Renaissance Technologies LLC now owns 90,723 shares of the technology company's stock worth $885,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Foundry Partners LLC raised 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 worth $2,645,000 after buying an additional 30,200 shares during the period. 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.
Further Reading
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