Yelin Lapidot Holdings Management Ltd. Increases Position in Eltek Ltd. (NASDAQ:ELTK)

Yelin Lapidot Holdings Management Ltd. raised its position in shares of Eltek Ltd. (NASDAQ:ELTK) by 206.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 209,024 shares of the technology company’s stock after purchasing an additional 140,868 shares during the period. Yelin Lapidot Holdings Management Ltd. owned approximately 3.44% of Eltek worth $2,312,000 at the end of the most recent reporting period.

Separately, Foundry Partners LLC lifted its position in Eltek by 14.2% in the 3rd quarter. Foundry Partners LLC now owns 242,470 shares of the technology company’s stock worth $2,645,000 after buying an additional 30,200 shares during the last quarter. Institutional investors own 64.58% of the company’s stock.

Eltek Price Performance

Shares of ELTK opened at $11.51 on Friday. The firm has a market cap of $69.85 million, a P/E ratio of 13.54 and a beta of 0.45. Eltek Ltd. has a 1 year low of $9.00 and a 1 year high of $14.17. The stock has a 50 day simple moving average of $11.19 and a two-hundred day simple moving average of $10.92.

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.