Eltek (ELTK) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Eltek Ltd. reported a notable 14% increase in third-quarter revenues to $13.5 million, driven by strong demand in the defense, aerospace, and medical sectors. Despite a slight decrease in net income compared to last year, the company’s robust cash reserves of $18.1 million support its growth strategy, including a new manufacturing facility. Eltek also announced a new dividend policy, aiming to distribute up to 25% of net income annually.
For further insights into ELTK stock, check out TipRanks’ Stock Analysis page.
