Eltek Trading Up 10.7 %
NASDAQ ELTK opened at $12.76 on Friday. The firm has a market capitalization of $74.65 million, a price-to-earnings ratio of 15.95 and a beta of -1.57. The firm’s 50 day simple moving average is $9.79 and its 200 day simple moving average is $8.73. Eltek has a 1 year low of $3.84 and a 1 year high of $12.90.
Eltek (NASDAQ:ELTK – Get Free Report) last posted its quarterly earnings results on Monday, August 21st. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. The business had revenue of $11.04 million for the quarter, compared to analyst estimates of $10.90 million. Eltek had a net margin of 10.81% and a return on equity of 21.42%. During the same quarter last year, the business posted $0.13 EPS. On average, equities research analysts forecast that Eltek will post 1.1 earnings per share for the current year.
Institutional Trading of Eltek
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.
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