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.

Thomas Critchfield

Thomas Critchfield– Business and Services My Name is Thomas Critchfield and I am also the main source from the ‘newsgrowing.com’ of all the exclusive and most delicate visualization of the activities in the business and services sector. My first step towards this journey was taken in the very early years of my life. I started with an independent financial consultant. However, I only had almost 4 years of skills and experience in this market. I have always been a free personality and like to fly one place to another, to explore more and more. Moreover, this passion and craze of traveling gave me a chance to report a section for best news associations. Last but not least, I am presently working full-time as an editor.

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