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

StockNews.com began coverage on shares of Eltek (NASDAQ:ELTK) in a research report sent to investors on Friday. The firm issued a hold rating on the technology company’s stock.

Eltek Stock Down 1.5 %

Shares of ELTK stock opened at $8.53 on Friday. The firm has a market cap of $51.77 million, a price-to-earnings ratio of 10.04 and a beta of 0.36. Eltek has a 12 month low of $8.05 and a 12 month high of $12.47. The stock has a 50-day moving average price of $10.77 and a 200 day moving average price of $10.83.

Institutional Trading of Eltek

A number of institutional investors have recently bought and sold shares of the business. Yelin Lapidot Holdings Management Ltd. boosted its position in shares of Eltek by 206.7% in the 4th 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 last quarter. 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 period. Foundry Partners LLC boosted its holdings in Eltek by 14.2% during the third quarter. Foundry Partners LLC now owns 242,470 shares of the technology company’s stock worth $2,645,000 after buying an additional 30,200 shares during the last quarter. Essex Investment Management Co. LLC bought a new position in Eltek during the fourth quarter worth about $99,000. Finally, Northern Trust Corp bought a new stake in shares of Eltek in the 4th quarter valued at about $405,000. 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.