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

Shares of Elekta AB (OTCMKTS:EKTAY) 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 changing hands.

Elekta Stock Performance

The stock’s 50-day moving average price is $5.99 and its 200-day moving average price is $5.92. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.73 and a current ratio of 0.95. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of -638.36 and a beta of 1.01.

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

Elekta Company Profile

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.