StockNews.com upgraded shares of Eltek (NASDAQ:ELTK – Free Report) from a hold rating to a buy rating in a research report report published on Saturday.
Eltek Stock Performance
ELTK opened at $10.90 on Friday. Eltek has a fifty-two week low of $3.90 and a fifty-two week high of $22.80. The firm’s fifty day moving average is $11.67 and its 200 day moving average is $13.06. The stock has a market cap of $66.16 million, a price-to-earnings ratio of 10.19 and a beta of -1.84.
Eltek (NASDAQ:ELTK – Get Free Report) last released its earnings results on Monday, March 11th. The technology company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $12.20 million. On average, equities research analysts predict that Eltek will post 1.12 earnings per share for the current year.
Institutional Inflows and Outflows
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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