|Bid||0.56 x 16000|
|Ask||0.67 x 1000|
|Day's Range||0.69 - 0.70|
|52 Week Range||0.55 - 1.43|
|PE Ratio (TTM)||-1.75|
|Earnings Date||Aug 8, 2017 - Aug 14, 2017|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Eltek Ltd. (ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today that the Company has obtained a loan of NIS 5 million (approximately US$1.4 million) from Nistec Ltd., the Company's controlling shareholder. The loan agreement between the Company and Nistec Ltd. was approved by the Company's Audit Committee and Board of Directors. Nistec, in its sole discretion, may demand full repayment of the Loan at any time, with two (2) business days' prior notice.
Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today that on June 27, 2017, it received a notice from the Listing Qualifications Department of Nasdaq advising the Company that it is eligible for an additional 180 calendar days, until December 26, 2017, to regain compliance with the minimum $1.00 per share requirement for continued listing. If at any time during this 180 day period, the closing bid price of the Company's security is at least $1.00 for a minimum of ten consecutive business days, the Company will regain compliance. The Company provided Nasdaq with written notice of its intention to cure the deficiency by effecting a reverse stock split, if necessary.
Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today the appointment of Ms. Kathy Nargi-Toth as President of Eltek USA Inc., the Company's US subsidiary, effective June 5, 2017. Ms. Nargi-Toth will replace Mr. Jim Barry, who has decided to step down after 14 years of service. Prior to joining Eltek, Ms. Nargi-Toth served as the vice president of technology for NCAB Group USA, a bare board supply chain management company.