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

ATTENTION MERRILL LYNCH CUSTOMERS WITH OIL & GAS INVESTMENTS RECOMMENDED BY THEIR FINANCIAL ADVISOR - KlaymanToskes Commences Investigation on Behalf of Investors Who Sustained Losses in Excess of $250,000

9:25 am ET April 24, 2020 (BusinessWire) Print

KlaymanToskes ("KT"), http://www.klaymantoskes.com, announces an investigation on behalf of investors with Merrill Lynch (NYSE:BAC) accounts who sustained losses from investments in the Energy Sector, High Yield Debt, and investments tied to the Alerian MLP Index, including Master Limited Partnerships ("MLPs"), Exchange Traded Funds ("ETFs"), Exchange Traded Notes ("ETNs"), and Business Development Companies ("BDCs"). These investments may have been marketed and sold to customers who were risk averse, such as retirees or other conservative investors, that were seeking income and capital preservation and were not explained the potential risks.

Investments in Oil & Gas are historically risky during times of volatility and/or reduced demand. These risks should be explained by financial advisors prior to recommending these investments. Recently, due to the Coronavirus ("COVID-19") pandemic, Oil & Gas Investments have undergone a precipitous decline, causing investors significant losses. Investors may seek damages for violations of sales practice rules and regulations in FINRA Arbitration if they were recommended any of the following Oil & Gas investments:

Magellan Midstream Partners LP (MMP) Enterprise Products Partners LP (EPD) MPLX LP (MPLX) Tallgrass Energy LP (TGE) Energy Transfer LP (ET) Plains All American Pipeline LP (PAA) Phillips 66 Partners LP (TCP) TC PipeLines LP (TCP) EQM Midstream Partners LP (EQM) Shell Midstream Partners LP (SHLX) Chevron Corp (CVX) Exxon Mobil Corp (XOM) Phillips 66 (PSX) ConocoPhillips (COP) EOG Resources Inc (EOG) Kinder Morgan Inc (KMI) Schlumberger Ltd. (SLB) Valero Energy Corp. (VLO) Williams Companies Inc. (WMB) Marathon Petroleum Corp (MPC)

The sole purpose of this release is to investigate whether Merrill Lynch's recommendations to buy Oil & Gas investments were suitable for investors. Investors with Merrill Lynch accounts that have information relating to the manner in which the firm handled their portfolios, are encouraged to contact the attorneys of KlaymanToskes at (561) 542-5131, or visit our firm's website at www.klaymantoskes.com.

About Klayman & Toskes, P.A.

KT is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation, on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm represents high net-worth, ultra-high-net-worth, and institutional investors, such as non-profit organizations, unions, public and multi-employer pension funds. KT has office locations in California, Florida, New York, and Puerto Rico.

Destination: https://klaymantoskes.com/attention-merrill-lynch-customers-with-oil-gas-investments-recommended-by-their-financial-advisor/

View source version on businesswire.com: https://www.businesswire.com/news/home/20200424005294/en/

SOURCE: Klayman & Toskes, P.A.

Klayman & Toskes, PA
Lawrence L. Klayman, Esq.
(561) 542-5131
lklayman@klaymantoskes.com 
www.klaymantoskes.com

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