Shares of Eltek Ltd. (NASDAQ:ELTK – Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.05 and traded as low as $7.93. Eltek shares last traded at $7.96, with a volume of 7,438 shares trading hands.
Analysts Set New Price Targets
Separately, Weiss Ratings downgraded Eltek from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.
View Our Latest Stock Report on Eltek
Eltek Stock Down 1.4%
Eltek (NASDAQ:ELTK – Get Free Report) last posted its quarterly earnings data on Monday, March 9th. The technology company reported ($0.05) earnings per share (EPS) for the quarter. Eltek had a net margin of 1.59% and a return on equity of 1.85%. The company had revenue of $13.24 million for the quarter.
About Eltek
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.
Further Reading
- Five stocks we like better than Eltek
- Before the Moon Base Gets Built, These 4 Companies Win
- Industrial Buybacks: Top Homebuilding Supplier Leads Buyback Increases
- 3 Stocks That Win If Inflation Surprises to the Downside
- MercadoLibre Boldly Invests in Growth: Discount Deepens
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.
