Navellier & Associates Inc. Sells 70,099 Shares of Eltek Ltd. (NASDAQ:ELTK)

Navellier & Associates Inc. trimmed its position in shares of Eltek Ltd. (NASDAQ:ELTK) by 82.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,022 shares of the technology company’s stock after selling 70,099 shares during the period. Navellier & Associates Inc.’s holdings in Eltek were worth $164,000 as of its most recent SEC filing.

Separately, Foundry Partners LLC increased its stake 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 purchasing an additional 88,365 shares during the period. 64.58% of the stock is owned by hedge funds and other institutional investors.

Eltek Trading Up 1.1 %

Shares of ELTK opened at $11.05 on Friday. The firm has a fifty day moving average price of $10.76 and a 200-day moving average price of $10.57. The firm has a market capitalization of $67.06 million, a P/E ratio of 13.00 and a beta of 0.45. Eltek Ltd. has a 12-month low of $9.00 and a 12-month high of $22.80.

Eltek Company 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.