Eltek Ltd. (ELTK) to Release Earnings on Monday
Eltek (NASDAQ:ELTK) last announced its quarterly earnings results on Wednesday, May 17th. The technology company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $8.47 million for the quarter. Eltek had a negative return on equity of 33.00% and a negative net margin of 11.35%. On average, analysts expect Eltek to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Eltek Ltd. (ELTK) traded up 0.0000% during mid-day trading on Tuesday, reaching $0.7299. The company’s stock had a trading volume of 6,868 shares. The firm has a 50-day moving average of $0.68 and a 200-day moving average of $0.72. Eltek Ltd. has a 52 week low of $0.55 and a 52 week high of $1.45. The firm’s market capitalization is $7.40 million.
Separately, ValuEngine cut shares of Eltek from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th.
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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