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

Eltek Ltd. (NASDAQ:ELTK) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.58 and traded as high as $11.17. Eltek shares last traded at $11.02, with a volume of 9,397 shares.

Eltek Stock Down 0.0 %

The stock has a market cap of $66.88 million, a PE ratio of 12.96 and a beta of 0.44. The business has a 50 day moving average price of $10.83 and a 200 day moving average price of $10.58.

Hedge Funds Weigh In On Eltek

Large investors have recently bought and sold shares of the business. Sunbelt Securities Inc. raised its holdings in Eltek by 10.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 10,361 shares of the technology company’s stock worth $113,000 after purchasing an additional 1,020 shares during the period. Renaissance Technologies LLC raised its holdings in Eltek by 1.5% in the 2nd quarter. Renaissance Technologies LLC now owns 90,723 shares of the technology company’s stock worth $885,000 after purchasing an additional 1,300 shares during the period. Finally, Foundry Partners LLC raised its holdings in Eltek by 71.3% in the 2nd quarter. Foundry Partners LLC now owns 212,270 shares of the technology company’s stock worth $2,070,000 after purchasing an additional 88,365 shares during the period. Institutional investors and hedge funds own 64.58% of the company’s stock.

Eltek Company Profile

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.