Eltek Ltd. (NASDAQ:ELTK – Get Free Report) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 8,002 shares, a growth of 214.8% from the May 31st total of 2,542 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 9,238 shares, the short-interest ratio is presently 0.9 days.
Eltek Trading Up 1.4%
Shares of NASDAQ:ELTK traded up $0.13 on Friday, reaching $9.30. 602 shares of the company’s stock were exchanged, compared to its average volume of 7,631. The company has a fifty day moving average of $8.75 and a 200-day moving average of $8.76. Eltek has a twelve month low of $7.30 and a twelve month high of $11.69. The company has a market capitalization of $62.50 million, a price-to-earnings ratio of -20.67 and a beta of 0.75.
Eltek (NASDAQ:ELTK – Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The technology company reported ($0.42) earnings per share for the quarter. The business had revenue of $10.44 million during the quarter. Eltek had a negative net margin of 6.12% and a negative return on equity of 6.69%.
Analyst Ratings Changes
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.
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