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Eltek Ltd Down 3.34% To $4.35 After Earnings

Wednesday, August 17, 2022 03:23 PM | InvestorsObserver Analysts

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Eltek Ltd Down 3.34% To $4.35 After Earnings

Eltek Ltd (ELTK) said before open Wednesday that it earned $0.13 per share in quarter two 2022. The company reported $9.1 million in revenue

In the same quarter a year ago, the company earned $0.16 per share on revenue of $9.1 million.

The stock is down 3.34% to $4.35 after the report.

Eltek Ltd's profit margins took a hit as earnings fell at a faster pace than revenues.

InvestorsObserver gives the stock a Neutral Sentiment score at the moment based on recent trading.

Eltek Ltd has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 0, putting Eltek Ltd in the bottom 25% of stocks. The firm set a 52-week low on December 30, 2021 at $3.52 and set a 52-week high on August 31, 2021 at $7.16.

Eltek Ltd is engaged in the technology business sector. The company manufactures and supply technologically advanced custom made circuitry solutions for use in electronic products. It provides specialized services and is a solution provider in the printed circuit board business. The company also design and develop innovative manufacturing solutions pursuant to the requirements of original equipment manufacturers. Geographically, the company offers its products and services in Israel, Europe, Netherlands, India, North America, and other countries, of which key revenue is generated in Israel.

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