Eltek (NASDAQ:ELTK) Shares Cross Above 200 Day Moving Average of $3.11

Eltek Ltd. (NASDAQ:ELTK) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.11 and traded as high as $3.77. Eltek shares last traded at $3.75, with a volume of 956 shares trading hands.

The stock has a fifty day moving average price of $3.92 and a two-hundred day moving average price of $3.11. The company has a current ratio of 0.88, a quick ratio of 0.63 and a debt-to-equity ratio of 0.02.

Eltek (NASDAQ:ELTK) last released its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.19 earnings per share for the quarter. The company had revenue of $8.20 million for the quarter. Eltek had a negative return on equity of 2.84% and a negative net margin of 0.19%.

An institutional investor recently bought a new position in Eltek stock. Advisor Group Inc. purchased a new stake in shares of Eltek Ltd. (NASDAQ:ELTK) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 66,942 shares of the technology company’s stock, valued at approximately $291,000. Advisor Group Inc. owned about 3.30% of Eltek at the end of the most recent quarter. Hedge funds and other institutional investors own 8.44% of the company’s stock.

Eltek Company Profile (NASDAQ:ELTK)

Eltek Ltd. manufactures, markets, and sells printed circuit boards (PCBs) in Israel, Europe, North America, India, and internationally. The company offers a range of custom designed PCBs, including rigid, double-sided, and multi-layer PCBs; and flexible circuitry, such as flex and flex rigid boards. It serves manufacturers of defense and aerospace, medical, industrial, telecom, and networking equipment, as well as contract electronic manufacturers and other industries.

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