Elekta AB (publ) (OTCMKTS:EKTAY) Share Price Passes Below 50-Day Moving Average – Here’s Why

Shares of Elekta AB (publ) (OTCMKTS:EKTAY) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $6.60 and traded as low as $5.93. Elekta AB (publ) shares last traded at $5.96, with a volume of 11,730 shares.

Elekta AB (publ) Price Performance

The company has a market cap of $2.27 billion, a P/E ratio of 21.11 and a beta of 1.23. The company’s 50-day moving average price is $6.57 and its two-hundred day moving average price is $6.68. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.45.

Elekta AB (publ) (OTCMKTS:EKTAY) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.04 EPS for the quarter. Elekta AB (publ) had a return on equity of 12.23% and a net margin of 6.25%. The business had revenue of $359.76 million during the quarter. As a group, sell-side analysts expect that Elekta AB will post 0.41 earnings per share for the current year.

Elekta AB (publ) Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 9th were issued a $0.114 dividend. The ex-dividend date was Monday, September 9th. Elekta AB (publ)’s dividend payout ratio (DPR) is 39.29%.

Elekta AB (publ) Company Profile

Elekta AB (publ), a medical technology company, provides clinical solutions for treating cancer and brain disorders worldwide. The company offers Versa HD, a brain metastases solution; Elekta Unity for real-time MR visualization; Elekta Harmony, a linear accelerator; Elekta Infinity for treating a range of patients with simple-to-complex radiotherapy needs; Elekta Synergy, a digital accelerator for image guided radiation therapy; treatment and workflow management solutions; radiation and medical oncology; and other patient services.