Eltek Ltd. (NASDAQ:ELTK – Get Free Report) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.74 and traded as low as $8.69. Eltek shares last traded at $8.69, with a volume of 1,803 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings downgraded Eltek from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, June 12th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Eltek currently has a consensus rating of “Sell”.
Eltek Stock Down 1.8%
Eltek (NASDAQ:ELTK – Get Free Report) last posted its earnings results on Wednesday, May 20th. The technology company reported ($0.42) EPS for the quarter. Eltek had a negative return on equity of 6.69% and a negative net margin of 6.12%.The business had revenue of $10.44 million for the quarter.
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.
See Also
- Five stocks we like better than Eltek
- Why Johnson & Johnson’s Earnings Dip Looks Like a Buying Opportunity
- CPI Comes In Cool: Why It Could Revive These 3 Rate-Sensitive Stocks
- Why ASML’s AI Monopoly Is Still Getting Stronger
- Apple’s AI Toll Booth Thesis Faces Its Biggest Test Yet Before Earnings
Receive News & Ratings for Eltek Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eltek and related companies with MarketBeat.com's FREE daily email newsletter.
