Eltek (NASDAQ:ELTK) Shares Cross Above 200-Day Moving Average – Time to Sell?

Posted by Editorial Team on May 16th, 2025

Eltek Ltd. (NASDAQ:ELTK – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.29 and traded as high as $11.18. Eltek shares last traded at $10.92, with a volume of 14,605 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Eltek in a report on Friday. They set a “hold” rating on the stock.

Read Our Latest Research Report on Eltek

Eltek Trading Down 1.1%

The stock’s fifty day moving average is $8.74 and its two-hundred day moving average is $10.29. The firm has a market cap of $73.32 million, a P/E ratio of 12.85 and a beta of 0.57.

Eltek Dividend Announcement

The business also recently declared a — dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 22nd were issued a $0.19 dividend. The ex-dividend date was Tuesday, April 22nd. Eltek’s payout ratio is 30.16%.

Hedge Funds Weigh In On Eltek

A number of institutional investors have recently made changes to their positions in ELTK. Essex Investment Management Co. LLC bought a new position in shares of Eltek in the 4th quarter worth $99,000. Northern Trust Corp bought a new position in shares of Eltek during the 4th quarter valued at $405,000. Finally, Yelin Lapidot Holdings Management Ltd. grew its holdings in shares of Eltek by 30.3% during the 1st quarter. Yelin Lapidot Holdings Management Ltd. now owns 272,282 shares of the technology company’s stock valued at $2,268,000 after purchasing an additional 63,258 shares during the last quarter. Institutional investors own 64.58% of the company’s stock.

About Eltek

(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.