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

StockNews.com assumed coverage on shares of Eltek (NASDAQ:ELTKGet Rating) in a research report issued on Monday. The brokerage set a “hold” rating on the technology company’s stock.

Eltek Price Performance

NASDAQ ELTK opened at $4.16 on Monday. The stock has a market capitalization of $24.34 million, a P/E ratio of 4.62 and a beta of -1.86. Eltek has a 1 year low of $3.52 and a 1 year high of $7.18. The business’s fifty day moving average is $4.00 and its two-hundred day moving average is $3.96. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.81 and a current ratio of 2.35.

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

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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