Eltek (NASDAQ:ELTK) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Eltek Ltd. (NASDAQ:ELTK) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.84 and traded as high as $11.49. Eltek shares last traded at $11.43, with a volume of 6,840 shares traded.

Eltek Stock Up 0.7 %

The company’s fifty day moving average is $11.12 and its two-hundred day moving average is $10.84. The stock has a market cap of $69.38 million, a price-to-earnings ratio of 13.45 and a beta of 0.45.

Institutional Investors Weigh In On Eltek

Institutional investors have recently modified their holdings of the company. Foundry Partners LLC increased its holdings in Eltek by 14.2% in the third quarter. Foundry Partners LLC now owns 242,470 shares of the technology company’s stock valued at $2,645,000 after buying an additional 30,200 shares during the last quarter. Sunbelt Securities Inc. boosted its position in shares of Eltek by 10.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 10,361 shares of the technology company’s stock worth $113,000 after acquiring an additional 1,020 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. increased its holdings in shares of Eltek by 206.7% in the 4th quarter. Yelin Lapidot Holdings Management Ltd. now owns 209,024 shares of the technology company’s stock valued at $2,312,000 after acquiring an additional 140,868 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of Eltek during the 4th quarter worth about $99,000. Finally, Northern Trust Corp acquired a new stake in shares of Eltek during the 4th quarter worth about $405,000. 64.58% of the stock is owned by hedge funds and other institutional investors.

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.