Eltek (NASDAQ:ELTK – Get Free Report) posted its earnings results on Tuesday. The technology company reported ($0.41) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $11.53 million during the quarter. Eltek had a negative net margin of 6.12% and a negative return on equity of 6.69%.
Eltek Stock Up 5.0%
Shares of NASDAQ ELTK opened at $9.05 on Tuesday. The business’s 50 day moving average is $8.88 and its two-hundred day moving average is $8.71. The company has a market cap of $60.82 million, a P/E ratio of -20.11 and a beta of 0.76. Eltek has a 12 month low of $7.30 and a 12 month high of $11.59.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings lowered shares of Eltek from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Eltek presently has an average rating of “Sell”.
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.
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