Elekta AB (publ) (OTCMKTS:EKTAY) Stock Price Crosses Below 50 Day Moving Average - Here's Why

Elekta AB (publ) (OTCMKTS:EKTAY - Get Free Report) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $5.76 and traded as low as $5.56. Elekta AB (publ) shares last traded at $5.59, with a volume of 2,214 shares changing hands.

Analysts Set New Price Targets

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

Elekta AB (publ) Price Performance

The company has a current ratio of 1.05, a quick ratio of 0.81 and a debt-to-equity ratio of 0.60. The business's fifty day moving average is $5.76 and its 200 day moving average is $5.95. The company has a market cap of $2.12 billion, a P/E ratio of 22.14 and a beta of 1.25.

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

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Elekta AB (publ) Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be paid a $0.1072 dividend. The ex-dividend date of this dividend is Friday, March 7th. Elekta AB (publ)'s dividend 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.