Research Analysts Offer Predictions for Eltek Ltd.’s Q1 2023 Earnings (NASDAQ:ELTK)

Posted by on Apr 7th, 2023

Eltek Ltd. (NASDAQ:ELTK – Get Rating) – Equities researchers at Zacks Small Cap issued their Q1 2023 EPS estimates for Eltek in a research report issued to clients and investors on Tuesday, April 4th. Zacks Small Cap analyst T. Kerr anticipates that the technology company will post earnings per share of $0.13 for the quarter. Zacks Small Cap also issued estimates for Eltek’s Q2 2023 earnings at $0.14 EPS, Q3 2023 earnings at $0.16 EPS, Q4 2023 earnings at $0.18 EPS, FY2023 earnings at $0.61 EPS, FY2024 earnings at $0.74 EPS and FY2025 earnings at $0.94 EPS.

ELTK has been the subject of a number of other reports. StockNews.com initiated coverage on shares of Eltek in a research report on Thursday. They issued a “hold” rating for the company. TheStreet upgraded shares of Eltek from a “c+” rating to a “b-” rating in a research report on Thursday, January 12th.

Eltek Price Performance

ELTK stock opened at $3.92 on Thursday. The firm has a 50 day moving average of $4.22 and a 200-day moving average of $4.05. The company has a current ratio of 2.23, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13. Eltek has a 12 month low of $3.56 and a 12 month high of $4.64. The firm has a market capitalization of $22.93 million, a P/E ratio of 7.13 and a beta of -1.40.

Eltek Company Profile

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Eltek Ltd. is engaged in the development, manufacture, marketing, and sale of custom made printed circuit boards. Its products include flex-rigid boards, rigid multilayer boards, high density interconnect, flex and multi-flex boards, Teflon and hybrid boards and backplanes. The company was founded on January 1, 1970 and is headquartered in Petach Tikva, Israel.

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