Eltek Ltd. (NASDAQ:ELTK - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.62 and traded as high as $11.35. Eltek shares last traded at $11.35, with a volume of 6,219 shares trading hands.
Eltek Stock Down 2.9 %
The company has a market capitalization of $66.91 million, a PE ratio of 12.97 and a beta of 0.45. The company's 50 day moving average is $11.03 and its two-hundred day moving average is $10.62.
Hedge Funds Weigh In On Eltek
Institutional investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. grew 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 worth $113,000 after buying an additional 1,020 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Eltek by 1.5% in the 2nd quarter. Renaissance Technologies LLC now owns 90,723 shares of the technology company's stock worth $885,000 after buying an additional 1,300 shares in the last quarter. Finally, Foundry Partners LLC grew its stake in shares of Eltek by 14.2% in 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 in the last quarter. 64.58% of the stock is owned by hedge funds and other 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.
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