StockNews.com upgraded shares of Accuray (NASDAQ:ARAY – Free Report) from a hold rating to a buy rating in a research note issued to investors on Saturday.
Accuray Trading Up 2.2 %
Shares of Accuray stock opened at $1.87 on Friday. The stock has a market cap of $192.29 million, a PE ratio of -37.40 and a beta of 1.46. The firm has a fifty day moving average price of $2.15 and a 200 day moving average price of $2.00. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.62 and a quick ratio of 0.88. Accuray has a 1 year low of $1.40 and a 1 year high of $2.95.
Accuray (NASDAQ:ARAY – Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The medical equipment provider reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.03. Accuray had a negative return on equity of 9.75% and a negative net margin of 0.96%. Equities research analysts predict that Accuray will post 0.01 earnings per share for the current year.
Institutional Investors Weigh In On Accuray
Accuray Company Profile
Accuray Incorporated designs, develops, manufactures, and sells radiosurgery and radiation therapy systems for the treatment of tumors in the United States, Canada, Latin America, Asia, Australia, New Zealand, Europe, the Middle East, India, Africa, Japan, and China. It offers the CyberKnife platform, a robotic stereotactic radiosurgery and stereotactic body radiation therapy system used for the treatment of primary and metastatic tumors outside the brain, including tumors on or near the spine and in the breast, kidney, liver, lung, pancreas, and prostate.
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