Eltek Ltd (NASDAQ: ELTK) stock enjoyed a major increase of 12.5% on 1/3/24. The shares closed at $14.81. Moreover, exceptionally high trading volume at 238% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 0.5% during the last week.
Current PriceTarget Research Rating
ELTK’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Eltek has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Eltek has a poor Appreciation Score of 16 but a very high Power Rating of 99, and the Neutral Value Trend Rating results.
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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