Zacks Small Cap Estimates Eltek’s Q4 Earnings (NASDAQ:ELTK)

Eltek Ltd. (NASDAQ:ELTK) – Research analysts at Zacks Small Cap decreased their Q4 2024 earnings per share estimates for Eltek in a research report issued on Wednesday, November 20th. Zacks Small Cap analyst T. Kerr now anticipates that the technology company will earn $0.24 per share for the quarter, down from their prior estimate of $0.33. The consensus estimate for Eltek’s current full-year earnings is $1.02 per share. Zacks Small Cap also issued estimates for Eltek’s FY2025 earnings at $1.02 EPS.

Eltek Trading Down 6.0 %

Shares of NASDAQ:ELTK opened at $10.93 on Friday. The company’s 50 day moving average is $10.76 and its two-hundred day moving average is $10.57. The company has a market cap of $66.35 million, a PE ratio of 12.86 and a beta of 0.45. Eltek has a 52 week low of $9.00 and a 52 week high of $22.80.

Institutional Trading of Eltek

Institutional investors have recently modified their holdings of the stock. Sunbelt Securities Inc. lifted its stake in Eltek by 10.9% in the third quarter. Sunbelt Securities Inc. now owns 10,361 shares of the technology company’s stock valued at $113,000 after buying an additional 1,020 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Eltek by 1.5% in the 2nd quarter. Renaissance Technologies LLC now owns 90,723 shares of the technology company’s stock valued at $885,000 after acquiring an additional 1,300 shares during the period. Finally, Foundry Partners LLC raised its position in Eltek by 71.3% in the 2nd quarter. Foundry Partners LLC now owns 212,270 shares of the technology company’s stock valued at $2,070,000 after purchasing an additional 88,365 shares during the last quarter. Hedge funds and other institutional investors own 64.58% of the company’s stock.

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.