Eltek Ltd (NASDAQ: ELTK) stock enjoyed a major increase of 10.7% on 11/17/23. The shares closed at $12.76. The stock has been exceptionally strong relative to the market over the last nine months and has risen 13.2% during the last week.
Current PriceTarget Research Rating
ELTK is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Eltek has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Eltek has a poor Appreciation Score of 16 but a very high Power Rating of 100, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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