Eltek Ltd. (NASDAQ:ELTK - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.52 and traded as high as $10.75. Eltek shares last traded at $10.72, with a volume of 13,445 shares.
Eltek Trading Up 2.6 %
The company has a market capitalization of $66.76 million, a price-to-earnings ratio of 12.94 and a beta of 0.44. The stock's fifty day simple moving average is $10.86 and its 200-day simple moving average is $10.52.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of ELTK. Foundry Partners LLC boosted its stake in shares of Eltek by 71.3% in 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 during the period. Renaissance Technologies LLC lifted its stake in Eltek by 1.5% in the second quarter. Renaissance Technologies LLC now owns 90,723 shares of the technology company's stock worth $885,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its position in shares of Eltek by 10.9% in the 3rd 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 last quarter. 64.58% of the stock is owned by institutional investors and hedge funds.
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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