Eltek (NASDAQ:ELTK – Get Free Report) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.
Eltek Trading Down 3.0 %
ELTK stock traded down $0.34 during mid-day trading on Friday, hitting $10.91. The stock had a trading volume of 48,083 shares, compared to its average volume of 133,022. Eltek has a 52 week low of $3.90 and a 52 week high of $22.80. The firm has a market capitalization of $66.22 million, a P/E ratio of 10.20 and a beta of -1.84. The firm has a fifty day simple moving average of $12.31 and a 200 day simple moving average of $13.02.
Eltek (NASDAQ:ELTK – Get Free Report) last released its earnings results on Monday, March 11th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.09). Eltek had a net margin of 13.60% and a return on equity of 26.20%. The firm had revenue of $12.32 million during the quarter, compared to the consensus estimate of $12.20 million. As a group, equities analysts expect that Eltek will post 1.12 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Eltek
Eltek Company Profile
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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