Eltek Ltd. (ELTK) Increases Again; Strong Momentum for Buyers

The stock of Eltek Ltd. (NASDAQ:ELTK) is a huge mover today! The stock increased 2.69% or $0.14 during the last trading session, reaching $5.35. About 603,045 shares traded. Eltek Ltd. (NASDAQ:ELTK) has declined 56.26% since June 12, 2018 and is downtrending. It has underperformed by 60.69% the S&P500.
The move comes after 9 months positive chart setup for the $23.43M company. It was reported on Jun, 12 by Barchart.com. We have $5.51 PT which if reached, will make NASDAQ:ELTK worth $703,020 more.

More notable recent Eltek Ltd. (NASDAQ:ELTK) news were published by: Benzinga.com which released: “Zynerba’s Patent Win Sends Cannabis Biotech’s Shares Higher – Benzinga” on February 26, 2019, also Benzinga.com with their article: “64 Biggest Movers From Yesterday – Benzinga” published on May 30, 2019, Benzinga.com published: “Echo Global Logistics Squeaks Out An Earnings Win Against Tough Comparisons – Benzinga” on April 24, 2019. More interesting news about Eltek Ltd. (NASDAQ:ELTK) were released by: Benzinga.com and their article: “Sprint Earnings ‘Better Than Feared,’ But T-Mobile Merger Limbo Still A Problem – Benzinga” published on May 08, 2019 as well as Seekingalpha.com‘s news article titled: “Eltek Ltd. (ELTK) CEO, Eli Yaffe on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” with publication date: April 17, 2019.

Eltek Ltd. manufactures, markets, and sells printed circuit boards in Israel, Europe, North America, and Asia. The company has market cap of $23.43 million. It provides a range of custom designed PCBs, such as rigid, double-sided, and multi-layer PCBs; and flexible circuitry, including flex and flex rigid boards. It currently has negative earnings. The firm 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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