Stock News Buzz: Eltek Ltd. (NASDAQ: ELTK)

Highlights for the First Six Months of 2019.

On 04 Oct 2019, Eltek Ltd. (NASDAQ: ELTK) stock traded volume of 20092 shares during its last trading session as compared to its typical volume of 342924 shares over the recent month. 52-week range of the stock stayed $ 1.28 – 11.56 while its day lowest rate was $3.3 and its hit its day greatest price at $3.48.

In the liquidity ratio analysis; quick ratio for latest quarter was 0.6 while present ratio for time duration was 0.9. In latest quarter, LT Debt/Equity ratio was listed at 0.02 and Total Debt/Equity ratio was noted at 0.6.

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Eltek Ltd. (ELTK) reported recently its financial results for the quarter ended June 30, 2019

Incomes for the first six months of 2019 were $ 16.9 M contrast to $ 17.6 M in the very first 6 months of 2018;
Gross profit was $ 2.8 M ( 16.5% of revenues) contrast to gross revenue of $ 1.0 M ( 5.8% of incomes) in the very first six months of 2018;
Operating earnings was $ 440,000 contrast to an operating loss of $ 1.3 M in the first six months of 2018;
Other Income was 877,000 in the very first 6 months of 2019 contrast to nil in the first 6 months of 2018;
Net profit was $ 1.0 M, or $ 0.33 per fully watered down share contrast to a bottom line of $ 1.5 M, or ($ 0.75) per fully watered down share in the very first 6 months of 2018;
EBITDA was $ 2.1 M in the first 6 months of 2019, contrast to unfavorable EBITDA of $ 481,000 in the very first 6 months of 2018;
Net cash supplied by running activities amounted to $ 1.3 M contrast to net money utilized in running activities of $ 1.4 M in the very first 6 months of 2018.