Eltek Ltd (NASDAQ: ELTK) stock enjoyed a major increase of 13.5% on 8/12/24. The shares closed at $11.36. Moreover, trading volume in this advance was exceptionally high at 316% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 21.0% during the last week.
Current PriceTarget Research Rating
ELTK’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Eltek has a current Value Trend Rating of F (Lowest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Eltek has a slightly negative Appreciation Score of 34 and a poor Power Rating of 25, resulting in the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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