Elekta AB (publ) (OTCMKTS:EKTAY) Sees Large Growth in Short Interest

Elekta AB (publ) (OTCMKTS:EKTAY - Get Free Report) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 400 shares, an increase of 300.0% from the February 28th total of 100 shares. Based on an average daily trading volume, of 22,500 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company's shares are short sold.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein raised shares of Elekta AB (publ) from a "strong sell" rating to a "hold" rating in a research note on Wednesday, January 29th.

Elekta AB (publ) Trading Down 0.7 %

Shares of OTCMKTS:EKTAY traded down $0.04 during midday trading on Monday, reaching $5.34. The company's stock had a trading volume of 16,185 shares, compared to its average volume of 9,649. Elekta AB has a fifty-two week low of $5.25 and a fifty-two week high of $8.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.81 and a current ratio of 1.05. The firm has a 50 day moving average price of $5.75 and a two-hundred day moving average price of $5.93. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 21.35 and a beta of 1.25.

Elekta AB (publ) (OTCMKTS:EKTAY - Get Free Report) last issued its quarterly earnings results on Friday, February 21st. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). The business had revenue of $416.86 million during the quarter, compared to analyst estimates of $435.89 million. Elekta AB (publ) had a net margin of 5.65% and a return on equity of 11.07%. As a group, analysts forecast that Elekta AB will post 0.36 earnings per share for the current year.

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Elekta AB (publ) Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 7th were issued a $0.1072 dividend. The ex-dividend date was Friday, March 7th. Elekta AB (publ)'s payout ratio is 44.00%.

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.