Eltek Ltd. (NASDAQ:ELTK – Get Free Report)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $8.83 and traded as high as $9.20. Eltek shares last traded at $8.51, with a volume of 8,316 shares.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings lowered Eltek from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Eltek has a consensus rating of “Sell”.
Read Our Latest Stock Analysis on ELTK
Eltek Stock Down 8.5%
Eltek (NASDAQ:ELTK – Get Free Report) last announced its earnings results on Wednesday, May 20th. The technology company reported ($0.42) earnings per share for the quarter. The firm had revenue of $10.44 million during the quarter. Eltek had a negative net margin of 6.12% and a negative return on equity of 6.69%.
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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