Navellier & Associates Inc. Decreases Stock Holdings in Eltek Ltd. (NASDAQ:ELTK)

Navellier & Associates Inc. reduced its holdings in Eltek Ltd. (NASDAQ:ELTK) by 82.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,022 shares of the technology company’s stock after selling 70,099 shares during the period. Navellier & Associates Inc. owned approximately 0.25% of Eltek worth $164,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Foundry Partners LLC grew its position in Eltek by 71.3% in the second quarter. Foundry Partners LLC now owns 212,270 shares of the technology company’s stock worth $2,070,000 after acquiring an additional 88,365 shares in the last quarter. 64.58% of the stock is currently owned by institutional investors and hedge funds.

Eltek Price Performance

Shares of ELTK stock opened at $11.05 on Friday. The company has a market cap of $67.06 million, a PE ratio of 13.00 and a beta of 0.45. Eltek Ltd. has a 1 year low of $9.00 and a 1 year high of $22.80. The stock’s 50 day simple moving average is $10.76 and its two-hundred day simple moving average is $10.57.

About Eltek

Eltek Ltd. manufactures, markets, and sells printed circuit boards (PCBs) in Israel, Europe, North America, India, the Netherlands, and internationally. It offers a range of custom designed PCBs, including rigid, double-sided and multi-layer PCBs, and flexible circuitry boards. The company also provides high density interconnect, flex-rigid, and multi-layered boards.