Eltek (NASDAQ:ELTK) Trading Up 14.8%

Eltek Ltd. (NASDAQ:ELTK)’s share price was up 14.8% on Monday . The company traded as high as $3.98 and last traded at $3.87, approximately 118,793 shares were traded during trading. A decline of 81% from the average daily volume of 620,593 shares. The stock had previously closed at $3.37.

The business’s fifty day moving average price is $3.81 and its two-hundred day moving average price is $2.88. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.42 and a current ratio of 0.66.

Eltek (NASDAQ:ELTK) last posted its earnings results on Wednesday, May 29th. The technology company reported $0.12 earnings per share (EPS) for the quarter. Eltek had a negative net margin of 5.02% and a negative return on equity of 129.61%. The business had revenue of $8.74 million for the quarter.

An institutional investor recently bought a new position in Eltek stock. Advisor Group Inc. bought a new stake in Eltek Ltd. (NASDAQ:ELTK) during the second quarter, according to its most recent filing with the SEC. The firm bought 66,942 shares of the technology company’s stock, valued at approximately $291,000. Advisor Group Inc. owned about 3.30% of Eltek at the end of the most recent quarter. 9.15% of the stock is owned by institutional investors.

Eltek Company Profile (NASDAQ:ELTK)

Eltek Ltd. manufactures, markets, and sells printed circuit boards (PCBs) in Israel, Europe, North America, India, and internationally. The company offers a range of custom designed PCBs, including rigid, double-sided, and multi-layer PCBs; and flexible circuitry, such as flex and flex rigid boards. It serves manufacturers of defense and aerospace, medical, industrial, telecom, and networking equipment, as well as contract electronic manufacturers and other industries.

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