Eltek Ltd. (NASDAQ:ELTK - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.56 and traded as high as $11.71. Eltek shares last traded at $11.55, with a volume of 23,397 shares trading hands.
Eltek Price Performance
The company's 50-day moving average price is $10.74 and its two-hundred day moving average price is $10.56. The company has a market capitalization of $70.11 million, a price-to-earnings ratio of 12.03 and a beta of 0.45.
Institutional Trading of Eltek
Large investors have recently bought and sold shares of the business. Sunbelt Securities Inc. lifted its stake 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 period. Renaissance Technologies LLC increased its holdings 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 purchasing an additional 1,300 shares in the last quarter. Finally, Foundry Partners LLC increased its holdings in Eltek by 71.3% in the second quarter. Foundry Partners LLC now owns 212,270 shares of the technology company's stock worth $2,070,000 after purchasing an additional 88,365 shares in the last quarter. 64.58% of the stock is currently owned by institutional investors and hedge funds.
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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