How have ELTK shares performed in 2024?

Eltek's stock was trading at $13.95 at the start of the year. Since then, ELTK shares have decreased by 22.1% and is now trading at $10.87. View the best growth stocks for 2024 here .

Are investors shorting Eltek?

Eltek saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 94,600 shares, an increase of 13.6% from the March 15th total of 83,300 shares. Based on an average trading volume of 140,800 shares, the short-interest ratio is currently 0.7 days. Approximately 2.9% of the company's shares are short sold. View Eltek's Short Interest .

When is Eltek's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 16th 2024. View our ELTK earnings forecast .

How were Eltek's earnings last quarter?

Eltek Ltd. (NASDAQ:ELTK) posted its quarterly earnings data on Monday, March, 11th. The technology company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by $0.09. The technology company earned $12.32 million during the quarter, compared to the consensus estimate of $12.20 million. Eltek had a net margin of 13.60% and a trailing twelve-month return on equity of 26.20%.

How often does Eltek pay dividends? What is the dividend yield for Eltek?

Eltek declared an annual dividend on Tuesday, November 28th. Investors of record on Wednesday, December 13th will be paid a dividend of $0.22 per share on Thursday, December 21st. This represents a yield of 1.76%. The ex-dividend date is Tuesday, December 12th. Read our dividend analysis for ELTK .

Is Eltek a good dividend stock?

Eltek (NASDAQ:ELTK) pays an annual dividend of $0.22 per share and currently has a dividend yield of 2.15%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 20.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ELTK will have a dividend payout ratio of 17.32% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ELTK .

When did Eltek's stock split?

Shares of Eltek reverse split before market open 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.

What other stocks do shareholders of Eltek own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Eltek investors own include Inovio Pharmaceuticals (INO) , Allena Pharmaceuticals (ALNA) , Energy Transfer (ET) , Nokia Oyj (NOK) , Pfizer (PFE) , Plug Power (PLUG) , AbbVie (ABBV) , Actinium Pharmaceuticals (ATNM) and Cara Therapeutics (CARA) .

Who are Eltek's major shareholders?

Eltek's stock is owned by a variety of institutional and retail investors. Top institutional investors include Sunbelt Securities Inc. (0.15%).

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 .

Does Eltek have any subsidiaries?

The following companies are subsidiares of Eltek: Eltek Europe GmbH, and Eltek USA Inc.. Read More

NASDAQ:ELTK

Eltek (ELTK) Stock Price, News & Analysis

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$11.21

+0.35 (+3.22%)

(As of 10:39 AM ET)

Compare

Today's Range: $10.76
▼
$11.28
50-Day Range: $9.73
▼
$22.40
52-Week Range: $3.90
▼
$22.80

Volume: 39,072 shs
Average Volume: 133,466 shs
Market Capitalization: $68.04 million

P/E Ratio: 10.48
Dividend Yield: 1.96%
Price Target: N/A

Get Eltek alerts:

Eltek MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
2.92% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 13.39%
From $1.12 to $1.27 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.82 out of 5 stars

Computer And Technology Sector

289th out of 584 stocks

Printed Circuit Boards Industry

7th out of 10 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Eltek.

3.0

Short Interest

Percentage of Shares Shorted
2.92% 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 0.7, 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 13.57%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Eltek pays a meaningful dividend of 2.15%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Eltek has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Eltek is 20.56%. 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 17.32% next year. This indicates that Eltek will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ELTK.

0.6

News and Social Media Coverage

Search Interest
3 people have searched for ELTK on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

3.3

Company Ownership

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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Eltek are expected to grow by 13.39% in the coming year, from $1.12 to $1.27 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Eltek is 10.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.02.
Price to Earnings Ratio vs. Sector
The P/E ratio of Eltek is 10.16, 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 220.92.
Price to Book Value per Share Ratio
Eltek has a P/B Ratio of 2.37. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Eltek Stock (NASDAQ:ELTK)

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 offers high density interconnect, flex-rigid, and multi-layered boards. It primarily serves manufacturers of defense and aerospace, medical, industrial, telecom, and networking equipment, as well as contract electronic manufacturers and others. 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 Petach Tikva, Israel. Eltek Ltd. is a subsidiary of Nistec Golan Ltd.

ELTK Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ELTK Stock News Headlines

March 27, 2024 | finance.yahoo.com

Eltek Announces Filing of 2023 Annual Report

March 23, 2024 | finance.yahoo.com

Eltek Ltd.'s (NASDAQ:ELTK) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?

April 18, 2024 | DTI (Ad)

This company has increased its dividend every year for 54 years

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March 13, 2024 | finance.yahoo.com

ELTK: Eltek future growth profile supports price target of $18.00 per share.

March 12, 2024 | tmcnet.com

Zacks Launched the Israel 150 Platform

March 12, 2024 | finance.yahoo.com

Eltek Ltd. (NASDAQ:ELTK) Q4 2023 Earnings Call Transcript

March 11, 2024 | finance.yahoo.com

Eltek Ltd. Reports Full year and Fourth Quarter 2023 Financial Results

March 10, 2024 | markets.businessinsider.com

Eltek LtdShs hosts conference call for investors

April 18, 2024 | DTI (Ad)

This company has increased its dividend every year for 54 years

March 8, 2024 | msn.com

Eltek Q4 Earnings Preview

March 8, 2024 | benzinga.com

Eltek Earnings Preview

February 29, 2024 | finance.yahoo.com

Eltek Sets Earnings Release Date and Conference Call to Report Fourth Quarter 2023 and Annual Results on March 11, 2024

February 28, 2024 | wsj.com

Eltek Ltd.

February 24, 2024 | msn.com

Eltek (ELTK) Price Target Increased by 15.38% to 15.30

February 20, 2024 | money.usnews.com

Eltek Ltd

February 15, 2024 | finance.yahoo.com

Eltek Announces Closing of $10 Million Public Offering

February 15, 2024 | prnewswire.com

Eltek Announces Closing of $10 Million Public Offering

February 13, 2024 | marketwatch.com

Eltek Shares Fall Premarket After Public Offering

February 11, 2024 | finance.yahoo.com

Individual investors own 35% of Eltek Ltd. (NASDAQ:ELTK) shares but private companies control 57% of the company

February 2, 2024 | msn.com

Flex Ltd Stock Earns A Composite Rating Upgrade To 97

February 1, 2024 | finance.yahoo.com

ELTK: Eltek price target increased to $18.00 per share.

January 22, 2024 | seekingalpha.com

Eltek: Still Appears Cheap After A 300% Rally

January 6, 2024 | finance.yahoo.com

Eltek (NASDAQ:ELTK) Is Very Good At Capital Allocation

January 3, 2024 | finance.yahoo.com

Eltek Ltd. (ELTK) Stock Historical Prices & Data - Yahoo Finance

December 18, 2023 | finance.yahoo.com

Eltek placed purchase orders for $4.5 million in connection with the expansion of its production capabilities.

December 7, 2023 | finance.yahoo.com

Eltek (NASDAQ:ELTK) Could Be A Buy For Its Upcoming Dividend

November 28, 2023 | finance.yahoo.com

Eltek Declares a Cash Dividend of $0.22 per Share

See More Headlines

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Company Calendar

Last Earnings: 3/11/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/16/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Printed circuit boards
Sub-Industry: N/A
Current Symbol: NASDAQ:ELTK
CUSIP: N/A
CIK: 1024672
Web: www.nisteceltek.com
Phone: (723) 939-5050
Fax: 972-3934-2584
Employees: 294
Year Founded: 1970

Profitability

EPS (Most Recent Fiscal Year): $1.07
Trailing P/E Ratio: 10.15
Forward P/E Ratio: 9.70
P/E Growth: N/A
Net Income: $6.35 million
Net Margins: 13.60%
Pretax Margin: 16.53%
Return on Equity: 26.20%
Return on Assets: 14.77%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.15
Quick Ratio: 1.71

Sales & Book Value

Annual Sales: $46.69 million
Price / Sales: 1.41
Cash Flow: $1.43 per share
Price / Cash Flow: 7.58
Book Value: $4.59 per share
Price / Book: 2.37

Miscellaneous

Outstanding Shares: 6,070,000
Free Float: 1,698,000
Market Cap: $65.92 million
Optionable: Not Optionable
Beta: -1.84

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Key Executives

Mr. Eli Yaffe (Age 69)
Chief Executive Officer
Comp: $589.17k
Mr. Ron Freund (Age 59)
Chief Financial Officer
Comp: $281.03k
Mr. Oriel Sallary (Age 61)
Vice President of Worldwide Sales and Marketing
Comp: $222.83k
Mr. Sagi Balter (Age 43)
Vice President of Technology
Ms. Moran Aba
HR Manager

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

ELTK Stock Analysis - Frequently Asked Questions

How have ELTK shares performed in 2024?: Eltek's stock was trading at $13.95 at the start of the year. Since then, ELTK shares have decreased by 22.1% and is now trading at $10.87.
View the best growth stocks for 2024 here.
Are investors shorting Eltek?: Eltek saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 94,600 shares, an increase of 13.6% from the March 15th total of 83,300 shares. Based on an average trading volume of 140,800 shares, the short-interest ratio is currently 0.7 days. Approximately 2.9% of the company's shares are short sold.
View Eltek's Short Interest.
When is Eltek's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 16th 2024.
View our ELTK earnings forecast.
How were Eltek's earnings last quarter?: Eltek Ltd. (NASDAQ:ELTK) posted its quarterly earnings data on Monday, March, 11th. The technology company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by $0.09. The technology company earned $12.32 million during the quarter, compared to the consensus estimate of $12.20 million. Eltek had a net margin of 13.60% and a trailing twelve-month return on equity of 26.20%.
How often does Eltek pay dividends? What is the dividend yield for Eltek?: Eltek declared an annual dividend on Tuesday, November 28th. Investors of record on Wednesday, December 13th will be paid a dividend of $0.22 per share on Thursday, December 21st. This represents a yield of 1.76%. The ex-dividend date is Tuesday, December 12th.
Read our dividend analysis for ELTK.
Is Eltek a good dividend stock?: Eltek (NASDAQ:ELTK) pays an annual dividend of $0.22 per share and currently has a dividend yield of 2.15%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 20.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ELTK will have a dividend payout ratio of 17.32% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ELTK.

When did Eltek's stock split?: Shares of Eltek reverse split before market open 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.
What other stocks do shareholders of Eltek own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Eltek investors own include Inovio Pharmaceuticals (INO), Allena Pharmaceuticals (ALNA), Energy Transfer (ET), Nokia Oyj (NOK), Pfizer (PFE), Plug Power (PLUG), AbbVie (ABBV), Actinium Pharmaceuticals (ATNM) and Cara Therapeutics (CARA).
Who are Eltek's major shareholders?: Eltek's stock is owned by a variety of institutional and retail investors. Top institutional investors include Sunbelt Securities Inc. (0.15%).
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.
Does Eltek have any subsidiaries?: The following companies are subsidiares of Eltek: Eltek Europe GmbH, and Eltek USA Inc..
Read More

This page (NASDAQ:ELTK) was last updated on 4/18/2024 by MarketBeat.com Staff

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