Eltek Ltd. (NASDAQ:ELTK) was downgraded by equities researchers at TheStreet from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Eltek (NASDAQ:ELTK) opened at 0.85 on Thursday. Eltek has a one year low of $0.72 and a one year high of $1.47. The company has a market capitalization of $8.62 million, a P/E ratio of 13.49 and a beta of 0.02. The firm has a 50-day moving average of $1.00 and a 200-day moving average of $1.05.

Eltek (NASDAQ:ELTK) last issued its earnings results on Wednesday, November 16th. The company reported ($0.04) earnings per share (EPS) for the quarter. Eltek had a negative return on equity of 3.83% and a negative net margin of 0.99%. The company earned $9.30 million during the quarter, compared to analyst estimates of $10.80 million.

About Eltek

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.

5 Day Chart for NASDAQ:ELTK

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