Eltek (NASDAQ:ELTK) Receives New Coverage from Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Eltek (NASDAQ:ELTKGet Rating) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the technology company’s stock.

NASDAQ:ELTK opened at $3.89 on Wednesday. The company’s 50-day moving average price is $4.05 and its 200-day moving average price is $4.00. The company has a current ratio of 2.35, a quick ratio of 1.81 and a debt-to-equity ratio of 0.17. The company has a market cap of $22.76 million, a P/E ratio of 4.32 and a beta of -2.10. Eltek has a twelve month low of $3.52 and a twelve month high of $7.35.

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

A hedge fund recently raised its stake in Eltek stock. Renaissance Technologies LLC boosted its position in shares of Eltek Ltd. (NASDAQ:ELTKGet Rating) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,628 shares of the technology company’s stock after purchasing an additional 5,557 shares during the period. Renaissance Technologies LLC owned approximately 1.65% of Eltek worth $359,000 at the end of the most recent quarter. 2.60% of the stock is currently owned by institutional investors.

About Eltek (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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