Eltek Ltd. (NASDAQ:ELTK) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 66,700 shares, a decline of 47.9% from the May 15th total of 128,000 shares. Approximately 7.6% of the shares of the stock are sold short. Based on an average trading volume of 1,370,000 shares, the days-to-cover ratio is currently 0.0 days.
Shares of NASDAQ:ELTK traded up $0.24 during trading hours on Friday, reaching $4.07. The stock had a trading volume of 128,711 shares, compared to its average volume of 130,669. Eltek has a 1 year low of $1.28 and a 1 year high of $11.56. The business’s 50 day moving average is $4.60. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 2.00.
Eltek (NASDAQ:ELTK) last announced its quarterly earnings data on Wednesday, May 29th. The technology company reported $0.12 EPS for the quarter. Eltek had a negative net margin of 5.02% and a negative return on equity of 129.61%. The company had revenue of $8.74 million for the quarter.
Eltek Ltd. manufactures, markets, and sells printed circuit boards (PCBs) in Israel, Europe, North America, India, and internationally. The company offers a range of custom designed PCBs, including rigid, double-sided, and multi-layer PCBs; and flexible circuitry, such as flex and flex rigid boards. It serves manufacturers of defense and aerospace, medical, industrial, telecom, and networking equipment, as well as contract electronic manufacturers and other industries.
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