Eltek Ltd. (NASDAQ:ELTK – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.91 and traded as high as $11.50. Eltek shares last traded at $11.49, with a volume of 6,957 shares changing hands.
Eltek Price Performance
The company has a market cap of $69.73 million, a P/E ratio of 13.52 and a beta of 0.45. The company’s 50-day moving average is $11.18 and its two-hundred day moving average is $10.91.
Institutional Investors Weigh In On Eltek
Several institutional investors and hedge funds have recently added to or reduced their stakes in ELTK. Northern Trust Corp bought a new position in shares of Eltek during the 4th quarter valued at $405,000. Essex Investment Management Co. LLC bought a new position in Eltek in the fourth quarter valued at about $99,000. Yelin Lapidot Holdings Management Ltd. boosted its position in Eltek by 206.7% in the fourth quarter. Yelin Lapidot Holdings Management Ltd. now owns 209,024 shares of the technology company’s stock worth $2,312,000 after purchasing an additional 140,868 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in shares of Eltek by 10.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 10,361 shares of the technology company’s stock worth $113,000 after purchasing an additional 1,020 shares during the period. Finally, Foundry Partners LLC grew its position in Eltek by 14.2% during 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 period. Hedge funds and other institutional investors own 64.58% of the company’s stock.
About Eltek
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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