Renaissance Technologies LLC Has $885,000 Holdings in Eltek Ltd. (NASDAQ:ELTK)

Renaissance Technologies LLC boosted its position in shares of Eltek Ltd. (NASDAQ:ELTK) by 1.5% in the second quarter, Holdings Channel reports. The fund owned 90,723 shares of the technology company’s stock after acquiring an additional 1,300 shares during the period. Renaissance Technologies LLC’s holdings in Eltek were worth $885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of ELTK. Foundry Partners LLC acquired a new position in shares of Eltek during the 1st quarter worth about $1,380,000. Quadrature Capital Ltd bought a new position in Eltek in the 4th quarter worth approximately $377,000. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Eltek by 46.6% during the first quarter. Sunbelt Securities Inc. now owns 9,269 shares of the technology company’s stock worth $103,000 after buying an additional 2,945 shares during the last quarter. Institutional investors and hedge funds own 64.58% of the company’s stock.

Eltek Trading Up 1.0 %

Shares of Eltek stock opened at $10.59 on Tuesday. Eltek Ltd. has a 1 year low of $8.50 and a 1 year high of $22.80. The company’s fifty day simple moving average is $10.51 and its 200-day simple moving average is $10.56. The company has a market cap of $64.27 million, a price-to-earnings ratio of 9.90 and a beta of 0.44.

Eltek (NASDAQ:ELTK) last posted its quarterly earnings data on Thursday, August 15th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.14). Eltek had a return on equity of 18.75% and a net margin of 12.85%. The company had revenue of $10.47 million for the quarter, compared to the consensus estimate of $11.90 million. During the same quarter in the previous year, the firm posted $0.22 EPS. As a group, research analysts forecast that Eltek Ltd. will post 1.02 earnings per share for the current fiscal year.

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.