Eltek Ltd. (ELTK) Announces Earnings Results
Eltek Ltd. (NASDAQ:ELTK) posted its quarterly earnings data on Wednesday. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $9.30 million for the quarter, compared to analysts’ expectations of $10.80 million. Eltek had a return on equity of 6.70% and a net margin of 1.66%.
Eltek (NASDAQ:ELTK) opened at 0.87 on Thursday. The firm’s 50-day moving average is $1.01 and its 200-day moving average is $1.05. Eltek has a 12-month low of $0.85 and a 12-month high of $1.47. The stock has a market capitalization of $8.82 million, a P/E ratio of 13.81 and a beta of 0.02.
Eltek Ltd. manufactures, markets and sells custom made printed circuit boards (PCBs), including high density interconnect (HDI), flex-rigid and rigid, with high layer count boards. The Company manufactures and supplies custom made circuitry solutions for use in compact electronic products. The Company’s principal customers include manufacturers of defense and aerospace, medical, industrial, telecom and networking equipment, as well as contract electronic manufacturers.
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