Eltek ( (ELTK) ) just unveiled an announcement.
On March 11, 2025, Eltek Ltd. announced its financial results for the full year and fourth quarter of 2024, revealing a slight decline in revenues to $46.5 million and a decrease in net income to $4.2 million compared to the previous year. The company is in the midst of a strategic transition, investing $15 million to enhance its manufacturing capabilities and expand production capacity, which has temporarily impacted operations. Eltek is well-positioned to capitalize on industry trends, such as reshoring due to US-China trade tensions and increased demand for defense-related PCBs amid geopolitical instability.
More about Eltek
Eltek Ltd. is a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), headquartered in Israel. Founded in 1970, the company specializes in complex and high-quality PCBs for high-end markets, including defense, aerospace, and medical industries. Eltek operates through its subsidiary in North America and has a presence in Europe, India, South Africa, and South America.
YTD Price Performance: -1.76%
Average Trading Volume: 13,537
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $73.16M
Learn more about ELTK stock on TipRanks’ Stock Analysis page.
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