Eltek (NASDAQ:ELTK) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Eltek (NASDAQ:ELTK) in a report released on Sunday morning. The brokerage issued a hold rating on the technology company’s stock.

Eltek Trading Up 0.2 %

Shares of NASDAQ:ELTK opened at $8.22 on Friday. Eltek has a 12-month low of $8.05 and a 12-month high of $12.47. The company has a market cap of $49.89 million, a PE ratio of 9.67 and a beta of 0.58. The stock has a 50 day moving average of $10.24 and a 200 day moving average of $10.66.

Hedge Funds Weigh In On Eltek

Hedge funds have recently made changes to their positions in the business. Essex Investment Management Co. LLC purchased a new position in Eltek in the 4th quarter worth approximately $99,000. Sunbelt Securities Inc. lifted its holdings in shares of Eltek by 10.9% in the third quarter. Sunbelt Securities Inc. now owns 10,361 shares of the technology company’s stock worth $113,000 after buying an additional 1,020 shares in the last quarter. Northern Trust Corp bought a new position in shares of Eltek during the fourth quarter worth $405,000. Finally, Yelin Lapidot Holdings Management Ltd. grew its stake in Eltek by 206.7% during the fourth quarter. Yelin Lapidot Holdings Management Ltd. now owns 209,024 shares of the technology company’s stock valued at $2,312,000 after acquiring an additional 140,868 shares in the last quarter. Institutional investors own 64.58% of the company’s stock.

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.