Eltek (ELTK) 6-Month Price Index : 1.12 (As of Apr. 30, 2024)

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What is Eltek 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-04-30), Eltek's 6-Month Price Index is 1.12.

Competitive Comparison of Eltek's 6-Month Price Index

For the Electronic Components subindustry, Eltek's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Eltek (NAS:ELTK) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index

Current Share Price

Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Eltek (NAS:ELTK) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Eltek 6-Month Price Index Related Terms

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Eltek (ELTK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Eltek Ltd (NAS:ELTK) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Ben Zion Gelis Street, Sgoola Industrial Zone, Petach Tikva, ISR, 4927920

Website

https://www.nisteceltek.com

Eltek Ltd is engaged in the technology business sector that manufactures and supplies technologically new custom-made circuitry solutions. It manufactures, markets, and sells custom-made printed circuit boards (PCBs), including high-density interconnects. The Company markets its products mainly to the medical technology, defense and aerospace, industrial, telecom, and networking equipment industries. Geographically, the group offers its products and services in Israel, Europe, the Netherlands, India, North America, and other countries, in which key revenue is generated from Israel.