Eltek Ltd. (NASDAQ:ELTK - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.58 and traded as high as $11.17. Eltek shares last traded at $11.02, with a volume of 9,397 shares changing hands.
Eltek Trading Down 0.0 %
The stock's 50-day moving average price is $10.84 and its 200-day moving average price is $10.58. The company has a market cap of $66.88 million, a P/E ratio of 12.96 and a beta of 0.44.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Foundry Partners LLC lifted its stake in 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 acquiring an additional 88,365 shares in the last quarter. Renaissance Technologies LLC increased 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 purchasing an additional 1,300 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its holdings in 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 buying an additional 1,020 shares during the last quarter. Institutional investors and hedge funds 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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