Revenue Update on Eltek Ltd.(NASDAQ:ELTK)

Eltek Ltd.(NASDAQ:ELTK) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Mar 27, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $-0.16.

Eltek Ltd. (ELTK) made into the market gainers list on Fridays trading session with the shares advancing 5.95% or 0.044 points. Due to strong positive momentum, the stock ended at $0.784, which is also near the day’s high of $0.784. The stock began the session at $0.74 and the volume stood at 13,901 shares. The 52-week high of the shares is $1.43 and the 52 week low is $0.7211. The company has a current market capitalization of $8 M and it has 1,01,42,762 shares in outstanding.

Eltek Ltd. manufactures markets and sells custom made printed circuit boards (PCBs) including high density interconnect (HDI) flex-rigid and rigid with high layer count boards. The Company manufactures and supplies custom made circuitry solutions for use in sophisticated and compact electronic products. The Company provides specialized services and is a solution provider in the PCB business mainly in Israel Europe and North America. The Company provides customers with a range of custom designed PCBs including complex rigid double-sided and multi-layer PCBs as well as flexible circuitry (flex and flex-rigid boards) made of several types of high-performance base material. The Company acts as an agent for the importation of PCBs from South East Asia when customers require high volume production runs. Its principal customers include manufacturers of defense and aerospace medical industrial telecom and networking equipment as well as contract electronic manufacturers.

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