Eltek (NASDAQ:ELTK – Get Free Report) released its earnings results on Tuesday. The technology company reported ($0.03) EPS for the quarter, Zacks reports. Eltek had a net margin of 6.26% and a return on equity of 7.40%. The business had revenue of $13.27 million for the quarter.
Eltek Stock Performance
Shares of ELTK stock opened at $8.62 on Thursday. Eltek has a fifty-two week low of $7.65 and a fifty-two week high of $12.19. The firm has a market cap of $57.93 million, a P/E ratio of 19.16 and a beta of 0.53. The business’s 50 day moving average price is $10.93 and its 200-day moving average price is $10.49.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Eltek in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.
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 provides high density interconnect, flex-rigid, and multi-layered boards.
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