StockNews.com started coverage on shares of Eltek (NASDAQ:ELTK – Free Report) in a research note released on Wednesday morning. The firm issued a hold rating on the technology company’s stock.
Eltek Stock Up 1.2 %
ELTK opened at $11.37 on Wednesday. Eltek has a twelve month low of $9.00 and a twelve month high of $14.12. The company has a 50-day moving average price of $11.23 and a 200 day moving average price of $10.93. The company has a market cap of $69.00 million, a PE ratio of 13.38 and a beta of 0.36.
Institutional Trading of Eltek
Hedge funds have recently bought and sold shares of the business. Yelin Lapidot Holdings Management Ltd. raised its holdings in 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. Sunbelt Securities Inc. raised its holdings in Eltek by 10.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 10,361 shares of the technology company’s stock valued at $113,000 after acquiring an additional 1,020 shares during the last quarter. Foundry Partners LLC raised its holdings in Eltek by 14.2% in the 3rd quarter. Foundry Partners LLC now owns 242,470 shares of the technology company’s stock valued at $2,645,000 after acquiring an additional 30,200 shares during the last quarter. Northern Trust Corp acquired a new stake in Eltek in the 4th quarter valued at about $405,000. Finally, Essex Investment Management Co. LLC acquired a new stake in Eltek in the 4th quarter valued at about $99,000. Institutional investors and hedge funds 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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