Stock analysts at StockNews.com initiated coverage on shares of Eltek (NASDAQ:ELTK - Get Free Report) in a research report issued on Thursday. The brokerage set a "hold" rating on the technology company's stock.
Eltek Price Performance
NASDAQ:ELTK traded down $0.18 during mid-day trading on Thursday, hitting $8.38. 49,542 shares of the company's stock were exchanged, compared to its average volume of 15,857. The company has a market cap of $50.86 million, a PE ratio of 9.86 and a beta of 0.36. Eltek has a one year low of $8.05 and a one year high of $12.47. The business has a fifty day moving average price of $11.14 and a 200 day moving average price of $10.93.
Institutional Trading of Eltek
Several institutional investors have recently bought and sold shares of the company. Foundry Partners LLC grew its holdings in shares of Eltek by 14.2% during the third quarter. Foundry Partners LLC now owns 242,470 shares of the technology company's stock valued at $2,645,000 after buying an additional 30,200 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. raised its stake in shares of Eltek by 206.7% in the fourth quarter. Yelin Lapidot Holdings Management Ltd. now owns 209,024 shares of the technology company's stock worth $2,312,000 after purchasing an additional 140,868 shares during the last quarter. Northern Trust Corp bought a new position in shares of Eltek during the fourth quarter valued at $405,000. Sunbelt Securities Inc. lifted its holdings in shares of Eltek by 10.9% during the third 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 in the last quarter. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of Eltek during the fourth quarter valued at $99,000. 64.58% of the stock is owned by hedge funds and other institutional investors.
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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