StockNews.com assumed coverage on shares of Eltek (NASDAQ:ELTK – Free Report) in a research note issued to investors on Thursday. The firm issued a hold rating on the technology company’s stock.
Eltek Stock Performance
Shares of ELTK stock opened at $8.50 on Thursday. Eltek has a 1 year low of $8.05 and a 1 year high of $12.47. The stock has a market cap of $51.59 million, a PE ratio of 10.00 and a beta of 0.36. The business’s fifty day moving average is $11.03 and its 200-day moving average is $10.90.
Hedge Funds Weigh In On Eltek
Hedge funds have recently modified their holdings of the company. Essex Investment Management Co. LLC acquired a new position in shares of Eltek during the 4th quarter valued at $99,000. Sunbelt Securities Inc. boosted its position in shares of Eltek by 10.9% in the third quarter. Sunbelt Securities Inc. now owns 10,361 shares of the technology company’s stock worth $113,000 after buying an additional 1,020 shares during the period. Northern Trust Corp acquired a new stake in shares of Eltek in the fourth quarter worth $405,000. Yelin Lapidot Holdings Management Ltd. boosted its position in shares of 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 buying an additional 140,868 shares during the period. Finally, Foundry Partners LLC boosted its position in shares of Eltek by 14.2% in the third 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 period. 64.58% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Stories
- Five stocks we like better than Eltek
- When to Sell a Stock for Profit or Loss
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- How to Invest in Small Cap Stocks
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Receive News & Ratings for Eltek Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eltek and related companies with MarketBeat.com's FREE daily email newsletter.
