2024-01-22 18:25:44 ET
Summary
- Eltek, an Israel-based technology company, has experienced a 300% stock rally due to new investments and opportunities.
- The company specializes in designing and producing PCBs for various industries, including defense, aerospace, and medical devices.
- Eltek has seen revenue growth, margin improvements, and increased operating cash flow, positioning it for future growth in its serviceable addressable market.
- Even after this rally, the stock still appears cheap as compared to its peers in several metrics such as P/E or EV/EBITDA.
Eltek Ltd. ( ELTK ) is an Israel-based technology company that specializes in designing and producing PCBs (Printed Circuit Boards) for its customers that come in a variety of industries. The company has been around since the 1970s and it had many ups and downs, but lately it started to make new investments and created itself a new opportunity which created a lot of excitement with investors - causing the stock to rally by almost 300% in such a short time (one year). Even after this rally, the company might be still cheap if it can even come close to delivering its long term targets....
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Eltek: Still Appears Cheap After A 300% Rally