News headlines about Eltek (NASDAQ:ELTK) have trended positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Eltek earned a coverage optimism score of 0.31 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Eltek (NASDAQ ELTK) traded down 4.0704% on Friday, hitting $0.6811. 1,360 shares of the stock traded hands. The firm’s market cap is $6.91 million. The firm has a 50 day moving average price of $0.65 and a 200 day moving average price of $0.74. Eltek has a 52-week low of $0.55 and a 52-week high of $1.43.
Eltek (NASDAQ:ELTK) last released its earnings results on Wednesday, May 17th. The technology company reported ($0.08) earnings per share for the quarter. The company had revenue of $8.47 million for the quarter. Eltek had a negative net margin of 11.35% and a negative return on equity of 33.00%.
Separately, ValuEngine cut shares of Eltek from a “hold” rating to a “sell” rating in a report on Tuesday.
Eltek Company Profile
Eltek Ltd. manufactures, markets and sells custom made printed circuit boards (PCBs), including high density interconnect (HDI), flex-rigid and rigid, with high layer count boards. The Company manufactures and supplies custom made circuitry solutions for use in compact electronic products. The Company’s principal customers include manufacturers of defense and aerospace, medical, industrial, telecom and networking equipment, as well as contract electronic manufacturers.
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