StockNews.com assumed coverage on shares of Eltek (NASDAQ:ELTK – Free Report) in a research report released on Thursday morning. The brokerage issued a hold rating on the technology company’s stock.
Eltek Trading Up 1.4 %
ELTK opened at $8.50 on Thursday. The stock has a market cap of $51.59 million, a price-to-earnings ratio of 10.00 and a beta of 0.36. Eltek has a 1 year low of $8.05 and a 1 year high of $12.47. The stock has a fifty day moving average price of $11.03 and a 200 day moving average price of $10.90.
Institutional Trading of Eltek
Institutional investors and hedge funds have recently made changes to their positions in the stock. Essex Investment Management Co. LLC acquired a new stake in shares of Eltek in the fourth quarter worth about $99,000. Sunbelt Securities Inc. increased its stake 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 purchasing an additional 1,020 shares during the period. Northern Trust Corp bought a new position in shares of Eltek in the fourth quarter worth about $405,000. Yelin Lapidot Holdings Management Ltd. increased its stake 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 purchasing an additional 140,868 shares during the period. Finally, Foundry Partners LLC increased its stake 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 purchasing an additional 30,200 shares during the period. Institutional investors and hedge funds 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.
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