Foundry Partners LLC Raises Stock Holdings in Eltek Ltd. (NASDAQ:ELTK)

Foundry Partners LLC increased its position in Eltek Ltd. (NASDAQ:ELTK) by 14.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 242,470 shares of the technology company’s stock after buying an additional 30,200 shares during the quarter. Foundry Partners LLC owned 3.99% of Eltek worth $2,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Renaissance Technologies LLC grew its stake in Eltek by 1.5% in the second quarter. Renaissance Technologies LLC now owns 90,723 shares of the technology company’s stock worth $885,000 after purchasing an additional 1,300 shares during the period. Hedge funds and other institutional investors own 64.58% of the company’s stock.

Eltek Stock Down 6.0 %

Shares of ELTK stock opened at $10.93 on Friday. Eltek Ltd. has a twelve month low of $9.00 and a twelve month high of $22.80. The stock has a market cap of $66.35 million, a price-to-earnings ratio of 13.59 and a beta of 0.45. The business’s fifty day moving average is $10.76 and its 200 day moving average is $10.57.

Eltek Profile

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.