Eltek (ELTK) Stock Price, News & Analysis

Company Overview

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. It primarily serves medical technology, defense and aerospace, industrial, telecom, and networking equipment industries, as well as contract electronic manufacturers. The company markets and sells its products primarily through direct sales personnel, sales representatives, and PCB trading and manufacturing companies. Eltek Ltd. was incorporated in 1970 and is headquartered in Petah Tikva, Israel. Eltek Ltd. operates as a subsidiary of Nistec Golan Ltd.

Key Stats

• Today's Range: $11.54 to $11.65
• 50-Day Range: $10.20 to $11.65
• 52-Week Range: $9.00 to $22.80
• Volume: 1,152 shs
• Average Volume: 61,937 shs
• Market Capitalization: $70.05 million
• P/E Ratio: 13.58
• Dividend Yield: 1.91%
• Price Target: N/A
• Consensus Rating: N/A

Eltek Stock Analysis - MarketRank™

Eltek scored higher than 66% of companies evaluated by MarketBeat, and ranked 358th out of 651 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Eltek.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 5.88%

Earnings Growth

Earnings for Eltek are expected to grow by 5.88% in the coming year, from $1.02 to $1.08 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Eltek is 13.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.73.

Price to Earnings Ratio vs. Sector

The P/E ratio of Eltek is 13.54, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 229.36.

Price to Book Value per Share Ratio

Eltek has a P/B Ratio of 2.51. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.94% of the float of Eltek has been sold short.

Short Interest Ratio / Days to Cover

Eltek has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Eltek has recently increased by 9.96%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Eltek pays a meaningful dividend of 1.89%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Eltek does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Eltek is 25.88%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Eltek will have a dividend payout ratio of 20.37% next year. This indicates that Eltek will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.94% of the float of Eltek has been sold short.

Short Interest Ratio / Days to Cover

Eltek has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Eltek has recently increased by 9.96%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.42

News Sentiment

Eltek has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Eltek this week, compared to 1 article on an average week.

MarketBeat Follows

Only 1 people have added Eltek to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Eltek insiders have not sold or bought any company stock.

Percentage Held by Insiders

72.02% of the stock of Eltek is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

64.58% of the stock of Eltek is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ELTK Stock Analysis - Frequently Asked Questions

How have ELTK shares performed this year?

Eltek's stock was trading at $13.95 on January 1st, 2024. Since then, ELTK shares have decreased by 17.5% and is now trading at $11.51.
View the best growth stocks for 2024 here.

How were Eltek's earnings last quarter?

Eltek Ltd. (NASDAQ:ELTK) announced its quarterly earnings data on Thursday, August, 15th. The technology company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.25 by $0.14. The technology company earned $10.47 million during the quarter, compared to analysts' expectations of $11.90 million. Eltek had a trailing twelve-month return on equity of 16.18% and a net margin of 11.51%.

When did Eltek's stock split?

Shares of Eltek reverse split on Wednesday, November 22nd 2017. The 1-5 reverse split was announced on Wednesday, November 15th 2017. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, November 21st 2017. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

Does Eltek have any subsidiaries?

The following companies are subsidiaries of Eltek: Eltek Europe GmbH, and Eltek USA Inc..

Who are Eltek's major shareholders?

Eltek's top institutional shareholders include Foundry Partners LLC (3.99%), Navellier & Associates Inc. (0.25%) and Sunbelt Securities Inc. (0.17%).

How do I buy shares of Eltek?

Shares of ELTK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Eltek own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Eltek investors own include NVIDIA (NVDA), Broadcom (AVGO), Arista Networks (ANET), Jabil (JBL), e.l.f. Beauty (ELF), Disc Medicine (IRON) and Novo Nordisk A/S (NVO).

Company Calendar

• Last Earnings: 8/15/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Printed circuit boards
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:ELTK
• CUSIP: N/A
• CIK: 1024672
• Web: www.nisteceltek.com
• Phone: (723) 939-5050
• Fax: 972-3934-2584
• Employees: 260
• Year Founded: 1970

Profitability

• EPS (Most Recent Fiscal Year): $0.85
• Trailing P/E Ratio: 13.59
• Forward P/E Ratio: 11.32
• P/E Growth: N/A
• Net Income: $6.35 million
• Net Margins: 11.51%
• Pretax Margin: 15.55%
• Return on Equity: 16.18%
• Return on Assets: 10.55%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.13
• Quick Ratio: 2.56

Sales & Book Value

• Annual Sales: $46.69 million
• Price / Sales: 1.50
• Cash Flow: $1.30 per share
• Price / Cash Flow: 8.89
• Book Value: $4.59 per share
• Price / Book: 2.52

Miscellaneous

• Outstanding Shares: 6,070,000
• Free Float: 1,698,000
• Market Cap: $70.11 million
• Optionable: Not Optionable
• Beta: 0.45