Eltek (NASDAQ:ELTK) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Posted by ABMN Staff on Jul 24th, 2026

Shares of Eltek Ltd. (NASDAQ:ELTK – Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.75 and traded as low as $8.68. Eltek shares last traded at $9.23, with a volume of 3,050 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Eltek from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, June 12th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Eltek currently has an average rating of “Sell”.

Get Our Latest Analysis on Eltek

Eltek Price Performance

The stock has a 50 day simple moving average of $8.94 and a 200-day simple moving average of $8.75. The firm has a market cap of $62.03 million, a PE ratio of -20.51 and a beta of 0.75.

Eltek (NASDAQ:ELTK – Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The technology company reported ($0.42) earnings per share for the quarter. The company had revenue of $10.44 million for the quarter. Eltek had a negative net margin of 6.12% and a negative return on equity of 6.69%.

Eltek Company Profile

(Get Free Report)

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.