Eltek Ltd. (NASDAQ:ELTK) Short Interest Update

Eltek Ltd. (NASDAQ:ELTK) saw a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 4,667 shares, a decrease of 18.3% from the March 15th total of 5,715 shares. Based on an average trading volume of 3,671 shares, the short-interest ratio is presently 1.3 days. Currently, 0.2% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eltek in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Eltek Stock Down 1.3%

Shares of Eltek stock traded down $0.11 during midday trading on Friday, hitting $8.35. The company had a trading volume of 2,338 shares, compared to its average volume of 15,995. The company has a fifty day simple moving average of $8.62 and a 200 day simple moving average of $9.36. The stock has a market cap of $56.11 million, a price-to-earnings ratio of 69.58 and a beta of 0.70. Eltek has a 12-month low of $7.73 and a 12-month high of $12.19.

Eltek (NASDAQ:ELTK) last released its earnings results on Monday, March 9th. The technology company reported ($0.05) earnings per share for the quarter. The company had revenue of $13.24 million for the quarter. Eltek had a return on equity of 1.85% and a net margin of 1.59%. As a group, analysts expect that Eltek will post 0.87 EPS for the current year.

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. It primarily serves medical technology, defense and aerospace, industrial, telecom, and networking equipment industries, as well as contract electronic manufacturers.