Eltek LTD (NASDAQ: ELTK) is our new profile- Small 5.02M shares in the float
Under the radar!
Revenue (TTM) $45.54M
Revenue per share $4.10
50% of the 10M outstanding shares held by insiders
Earnings due out tomorrow pre-market
Chart timing and setup looks ready for a breakout
Last two quarters showing improved net profit
Eltek Reports Net Profit in the Third Quarter of 2015
— Net Profit of $624,000
— Gross Margin Increased to 15.9% from 12.8%
Eltek Reports Net Profit in the Second Quarter of 2015
— Net Profit of $424,000
— Gross Margin Increased to 18.3% from 13.9%
Eltek is a global manufacturer and supplier of technologically advanced solutions in the field of Printed Circuit Boards, and is the Israeli leader in this industry. PCBs are the core circuitry of most electronic devices. Eltek specializes in the manufacture and supply of complex and high quality PCBs, HDI, multilayered and flex-rigid boards for the high-end market. Eltek has ITAR, AS-9100 and NADCAP Electronics permits and its customers include top of the line companies in the defense, aerospace and medical industries in Israel, the United States, Europe and Asia.
Eltek was founded in 1970. The Company’s headquarters, and R&D, Production and Marketing Center is located in Israel. Eltek operates also through its subsidiaries, Eltek USA (100%) in North America and Kubatronik (79%) in Europe and by agents and distributors in Europe, India, South Africa and South America.
Recent contracts awarded
Nov. 23rd, 2015- Eltek Receives Orders Amounting to $1.4 Million from Customers in India
August 19th, 2015- Eltek Receives Orders Amounting to $1.1 Million From Three U.S. Customers in the Medical Device Sector – http://finance.yahoo.com/news/eltek-receives-orders-amounting-1-075000327.html
Earnings due March, 23rd 2016 pre-market , conference call scheduled 9:30AM
Barchart opinion 100% medium term buy and 80% near term “Buy”- http://www.barchart.com/opinions/stocks/ELTK
ELTK has shown a good history of moves to the upside in a hurry!
We will be back with more very soon on ELTK
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