Eltek rockets 57.8% pre-market following Q3 report


Eltek (ELTK) shares rocket 57.8% pre-market following the company's Q3 report.

Although revenue climbed 2.4% Y/Y to $12.8M, EPS jumped to $0.12 from $0.02 in Q3 2012, a result of a 2.2% jump in gross margin to 18.3%.

The EPS figure does not include a 3.5M share investment by Nistec in Nov., which represents 53% of shares outstanding as of Sept. 30. (PR)

Comments (1)
  • lewhite
    , contributor
    Comments (212) | Send Message
     
    Nice little 3 bagger in a few months. Wish I still owned it.
    27 Nov 2013, 09:13 AM Reply Like
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