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

Elekta AB (OTCMKTS:EKTAY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $5.8260, but opened at $6.33. Elekta shares last traded at $6.33, with a volume of 170 shares.

Elekta Trading Down 0.8%

The company has a 50-day moving average price of $5.99 and a 200-day moving average price of $5.94. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of -635.36 and a beta of 1.01. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.73 and a current ratio of 0.95.

Elekta (OTCMKTS:EKTAY) last released its quarterly earnings data on Thursday, March 5th. The company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $433.29 million during the quarter. Elekta had a positive return on equity of 12.84% and a negative net margin of 0.08%. As a group, research analysts forecast that Elekta AB will post 0.39 EPS for the current fiscal 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.