Eltek (NASDAQ:ELTK – Get Free Report) released its quarterly earnings results on Wednesday. The technology company reported ($0.42) EPS for the quarter, FiscalAI reports. The firm had revenue of $10.44 million for the quarter. Eltek had a negative net margin of 6.12% and a negative return on equity of 6.64%.
Eltek Price Performance
ELTK opened at $7.93 on Thursday. The company has a fifty day moving average price of $8.41 and a 200-day moving average price of $8.89. The firm has a market capitalization of $53.29 million, a P/E ratio of -17.62 and a beta of 0.75. Eltek has a one year low of $7.30 and a one year high of $12.19.
Analysts Set New Price Targets
Separately, Weiss Ratings lowered shares of Eltek from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Eltek presently has a consensus rating of “Sell”.
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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