Eltek (ELTK) Earning Favorable Press Coverage, Report Finds
Press coverage about Eltek (NASDAQ:ELTK) has trended positive on Wednesday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Eltek earned a media sentiment score of 0.33 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 47.6070734433321 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Eltek (NASDAQ:ELTK) last announced its earnings results on Monday, August 14th. The technology company reported ($0.11) EPS for the quarter. The business had revenue of $7.49 million for the quarter. Eltek had a negative net margin of 16.07% and a negative return on equity of 57.22%.
Separately, ValuEngine upgraded shares of Eltek from a “sell” rating to a “hold” rating in a research note on Friday, September 1st.
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Eltek Company Profile
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 compact electronic products. The Company’s principal customers include manufacturers of defense and aerospace, medical, industrial, telecom and networking equipment, as well as contract electronic manufacturers.
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