Eltek (NASDAQ:ELTK – Get Free Report) released its quarterly earnings data on Tuesday. The technology company reported ($0.03) earnings per share for the quarter, Zacks reports. Eltek had a net margin of 6.26% and a return on equity of 7.40%.
Eltek Price Performance
Shares of NASDAQ ELTK opened at $11.26 on Tuesday. Eltek has a 1-year low of $7.65 and a 1-year high of $12.19. The business has a 50-day moving average of $10.98 and a 200-day moving average of $10.50. The company has a market capitalization of $75.67 million, a price-to-earnings ratio of 25.02 and a beta of 0.53.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Eltek in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Eltek presently has a consensus rating of “Hold”.
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.
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