Shares of Eltek Ltd. (NASDAQ:ELTK - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.55 and traded as low as $10.55. Eltek shares last traded at $10.86, with a volume of 19,637 shares.
Eltek Stock Performance
The stock's 50 day simple moving average is $10.68 and its 200 day simple moving average is $10.55. The firm has a market cap of $64.71 million, a PE ratio of 11.30 and a beta of 0.45.
Eltek (NASDAQ:ELTK - Get Free Report) last announced its earnings results on Thursday, August 15th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.14). Eltek had a return on equity of 18.75% and a net margin of 12.85%. The company had revenue of $10.47 million during the quarter, compared to analysts' expectations of $11.90 million. During the same quarter last year, the firm posted $0.22 earnings per share. As a group, analysts anticipate that Eltek Ltd. will post 1.02 earnings per share for the current year.
Institutional Trading of Eltek
An institutional investor recently raised its position in Eltek stock. Renaissance Technologies LLC grew its stake in shares of Eltek Ltd. (NASDAQ:ELTK - Free Report) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,723 shares of the technology company's stock after buying an additional 1,300 shares during the quarter. Renaissance Technologies LLC owned 1.49% of Eltek worth $885,000 at the end of the most recent quarter. Institutional investors own 64.58% of the company's stock.
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.
Further Reading
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