Eltek (NASDAQ:ELTK) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Eltek (NASDAQ:ELTK – Get Rating) in a report issued on Tuesday. The firm set a “hold” rating on the technology company’s stock.

Eltek stock opened at $4.02 on Tuesday. Eltek has a 52-week low of $3.52 and a 52-week high of $7.35. The firm has a fifty day moving average of $4.08 and a 200-day moving average of $4.02. The firm has a market capitalization of $23.52 million, a P/E ratio of 4.47 and a beta of -2.10. The company has a quick ratio of 1.81, a current ratio of 2.35 and a debt-to-equity ratio of 0.17.

Eltek (NASDAQ:ELTK – Get Rating) last announced its earnings results on Wednesday, May 18th. The technology company reported $0.11 earnings per share for the quarter. The business had revenue of $9.76 million during the quarter. Eltek had a net margin of 14.48% and a return on equity of 27.98%.

An institutional investor recently raised its position in Eltek stock. Renaissance Technologies LLC raised its stake in shares of Eltek Ltd. (NASDAQ:ELTK – Get Rating) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 96,628 shares of the technology company’s stock after buying an additional 5,557 shares during the period. Renaissance Technologies LLC owned approximately 1.65% of Eltek worth $359,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 2.60% of the company’s stock.

Eltek Company Profile (Get Rating)

Eltek Ltd. manufactures, markets, and sells printed circuit boards (PCBs) in Israel, Europe, North America, India, the Netherlands, and internationally. The company offers a range of custom designed PCBs, including rigid, double-sided, and multi-layer PCBs, and flexible circuitry boards. It also offers high density interconnect, flex-rigid, and multi-layered boards.

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