Eltek (NASDAQ:ELTK) last released its earnings results on Wednesday, May 17th. The technology company reported ($0.08) earnings per share for the quarter. Eltek had a negative return on equity of 33.00% and a negative net margin of 11.35%. The business had revenue of $8.47 million for the quarter.
Shares of Eltek Ltd. (NASDAQ:ELTK) opened at 0.72 on Friday. The stock’s 50 day moving average price is $0.69 and its 200 day moving average price is $0.71. Eltek Ltd. has a 52-week low of $0.55 and a 52-week high of $1.45. The company’s market capitalization is $7.30 million.
Separately, ValuEngine lowered Eltek from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th.
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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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