Elekta (OTCMKTS:EKTAY) Shares Gap Down – Here’s Why

Shares of Elekta AB (OTCMKTS:EKTAY) gapped down prior to trading on Friday . The stock had previously closed at $5.9850, but opened at $5.65. Elekta shares last traded at $5.61, with a volume of 2,078 shares trading hands.

Elekta Stock Down 5.4%

The company has a market capitalization of $2.09 billion, a PE ratio of -565.63 and a beta of 1.07. The company has a current ratio of 0.95, a quick ratio of 0.79 and a debt-to-equity ratio of 0.56. The business has a fifty day moving average of $6.23 and a 200 day moving average of $5.71.

Elekta (OTCMKTS:EKTAY) last issued its quarterly earnings results on Thursday, March 5th. The company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $433.29 million for the quarter. Elekta had a negative net margin of 0.08% and a positive return on equity of 12.84%. Equities research analysts anticipate that Elekta AB will post 0.36 EPS for the current year.

About Elekta

Elekta is a global medical technology company specializing in the development, manufacture and support of precision radiation therapy and radiosurgery equipment. Its products and services aim to improve patient outcomes in oncology and neurosurgery by combining advanced hardware, software and clinical workflow solutions. Elekta’s offerings are designed to address a broad range of cancer types and brain disorders through targeted, image-guided treatments.

The company’s core product portfolio includes linear accelerators for external beam radiation therapy, stereotactic radiosurgery systems such as the renowned Gamma Knife platform, and brachytherapy solutions for internal radiation treatment.