Eltek (NASDAQ:ELTK) Earns Hold Rating from Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Eltek (NASDAQ:ELTKGet Rating) in a research report issued on Tuesday. The brokerage set a “hold” rating on the technology company’s stock.

Separately, TheStreet raised Eltek from a “c+” rating to a “b-” rating in a research note on Thursday, January 12th.

Eltek Trading Down 1.3 %

Shares of NASDAQ:ELTK opened at $4.41 on Tuesday. Eltek has a 12-month low of $3.52 and a 12-month high of $4.69. The company has a market capitalization of $25.80 million, a PE ratio of 4.16 and a beta of -1.38. The business has a 50 day moving average of $4.17 and a two-hundred day moving average of $4.00. The company has a current ratio of 2.35, a quick ratio of 1.88 and a debt-to-equity ratio of 0.14.

Eltek (NASDAQ:ELTKGet Rating) last announced its quarterly earnings results on Wednesday, November 16th. The technology company reported $0.17 earnings per share (EPS) for the quarter. Eltek had a return on equity of 29.72% and a net margin of 16.09%. The company had revenue of $10.33 million during the quarter.

About Eltek

(Get Rating)

Eltek Ltd. manufactures, markets, and sells printed circuit boards (PCBs) in Israel, Europe, North America, India, the Netherlands, and internationally. The company offers a range of custom designed PCBs, including rigid, double-sided, and multi-layer PCBs, and flexible circuitry boards. It also offers high density interconnect, flex-rigid, and multi-layered boards.

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