Eltek (NASDAQ:ELTK) Trading 4.1% Higher

Eltek Ltd. (NASDAQ:ELTK) shares traded up 4.1% during mid-day trading on Friday . The stock traded as high as $3.90 and last traded at $4.02, 2,031 shares changed hands during trading. A decline of 100% from the average session volume of 450,717 shares. The stock had previously closed at $3.86.

The company has a current ratio of 0.88, a quick ratio of 0.63 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average price is $3.92 and its 200-day moving average price is $3.11.

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

An institutional investor recently bought a new position in Eltek stock. Advisor Group Inc. acquired a new position in Eltek Ltd. (NASDAQ:ELTK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 66,942 shares of the technology company’s stock, valued at approximately $291,000. Advisor Group Inc. owned 3.30% of Eltek as of its most recent SEC filing. 8.44% of the stock is owned by institutional investors and hedge funds.

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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