Eltek Ltd.'s (NASDAQ:ELTK) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong? [Yahoo! Finance]
Eltek Ltd. - Ordinary Shares (ELTK)
US:NASDAQ Investor Relations:
eleceltek.com/en/financial.php?tid=5
Company Research
Source: Yahoo! Finance
However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. Particularly, we will be paying attention to Eltek's ROE today. Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Put another way, it reveals the company's success at turning shareholder investments into profits. Check out our latest analysis for Eltek How To Calculate Return On Equity? The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Eltek is: 24% = US$6.4m ÷ US$27m (Based on the trailing twelve months to December 2023). The 'return' is the profit over the last twelve months. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.24. Why Is ROE Important For Earnings
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ELTK
News
- Eltek Ltd. (NASDAQ: ELTK) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Eltek Announces Filing of 2023 Annual Report [Yahoo! Finance]Yahoo! Finance
- Eltek Announces Filing of 2023 Annual ReportPR Newswire
- ELTK: Eltek future growth profile supports price target of $18.00 per share. [Yahoo! Finance]Yahoo! Finance
- Eltek Ltd. (NASDAQ:ELTK) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
ELTK
Earnings
- 3/11/24 - Miss
ELTK
Sec Filings
- 3/26/24 - Form 6-K
- 3/26/24 - Form 20-F
- 3/11/24 - Form 6-K
- ELTK's page on the SEC website