Eltek Ltd
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Information Technology : Electronic Equipment, Instruments & Components | Small Cap Value
Based in Israel
Company profile

Eltek Ltd. manufactures, markets and sells custom made printed circuit boards (PCBs), including high density interconnect (HDI), flex-rigid and rigid, with high layer count boards. The Company manufactures and supplies custom made circuitry solutions for use in compact electronic products. The Company's principal customers include manufacturers of defense and aerospace, medical, industrial, telecom and networking equipment, as well as contract electronic manufacturers. The Company designs and develops manufacturing solutions pursuant to interconnect requirements of original equipment manufacturers, and provides its customers with a range of custom designed PCBs, including rigid, double-sided and multi-layer PCBs, as well as flexible circuitry (flex and flex-rigid boards) made of various types of base material. The Company also acts as an agent for the importation of PCBs from South East Asia. The Company provides fabrication of dense multi-layer PCBs.

Closing Price
$4.58
Day's Change
0.22 (5.05%)
Bid
--
Ask
--
B/A Size
--
Day's High
4.79
Day's Low
4.39
Volume
(Heavy Day)
Volume:
106,672

10-day average volume:
32,795
106,672

UPDATE: Bank of America's stock falls after profit miss, while revenue tops expectations

7:13 am ET April 15, 2020 (MarketWatch)
Print

Shares of Bank of America Corp. (BAC) fell 2.9% in premarket trading Wednesday, after the moneycenter bank reported a first-quarter profit that fell below expectations, amid a $3.6 billion COVID-19-related reserve build, while revenue topped forecasts. Net income fell to $3.54 billion, or 40 cents a share, from $6.87 billion, or 70 cents a share, in the year-ago period. The FactSet consensus for earnings per share was 49 cents. Revenue fell to $22.77 billion from $23.000 billion, above the FactSet consensus of $22.70 billion. Net interest income fell 2.0% to $12.13 billion, beating the FactSet consensus of $11.74 billion, while book value per share increased to $27.84 from $25.57 to top expectations of $27.19. Fixed income, currency and commodities (FICC) revenue increased 13% to $2.7 billion and equities revenue jumped 39% to $1.7 billion. " Despite increasing our loan loss reserves, we earned $4 billion this quarter, maintained a significant buffer against our most stringent capital requirement, and ended the quarter with more liquidity than when we began," said Chief Executive Brian Moynihan. The stock has tumbled 31.6% over the past three months through Tuesday, while the SPDR Financial Select Sector ETF (XLF) has dropped 26.2% and the S&P 500 has lost 13.5%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

April 15, 2020 07:13 ET (11:13 GMT)

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