Eltek (NASDAQ:ELTK) Issues Earnings Results

Eltek (NASDAQ:ELTK) announced its quarterly earnings data on Tuesday. The technology company reported ($0.42) EPS for the quarter, FiscalAI reports. The firm had revenue of $10.44 million during the quarter. Eltek had a return on equity of 1.85% and a net margin of 1.59%.

Eltek Trading Up 1.0%

Shares of ELTK opened at $8.09 on Tuesday. Eltek has a 1 year low of $7.30 and a 1 year high of $12.19. The stock has a market cap of $54.36 million, a P/E ratio of 67.42 and a beta of 0.75. The stock’s 50-day moving average price is $8.46 and its two-hundred day moving average price is $8.93.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered 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, Based on data from MarketBeat, the stock 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.