Shares of Eltek Ltd. (NASDAQ:ELTK) rose 6.3% on Friday . The company traded as high as $4.20 and last traded at $4.07, approximately 128,711 shares changed hands during mid-day trading. A decline of 82% from the average daily volume of 715,434 shares. The stock had previously closed at $3.83.
The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.42 and a current ratio of 0.66. The firm has a fifty day moving average price of $4.60.
Eltek (NASDAQ:ELTK) last released its quarterly earnings data on Wednesday, May 29th. The technology company reported $0.12 earnings per share for the quarter. Eltek had a negative net margin of 5.02% and a negative return on equity of 129.61%. The business 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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