Elekta AB (publ) (OTCMKTS:EKTAY) Sees Significant Decline in Short Interest

Elekta AB (publ) (OTCMKTS:EKTAY - Get Free Report) was the target of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 100 shares, a drop of 99.5% from the January 15th total of 19,700 shares. Based on an average daily volume of 16,900 shares, the days-to-cover ratio is presently 0.0 days.

Elekta AB (publ) Stock Up 2.2 %

OTCMKTS:EKTAY traded up $0.14 during trading hours on Friday, hitting $6.24. 5,054 shares of the company traded hands, compared to its average volume of 8,908. The company has a quick ratio of 0.81, a current ratio of 1.05 and a debt-to-equity ratio of 0.60. The firm's 50-day simple moving average is $5.69 and its 200-day simple moving average is $6.09. Elekta AB has a one year low of $5.25 and a one year high of $8.24. The company has a market cap of $2.39 billion, a PE ratio of 20.97 and a beta of 1.22.

Elekta AB (publ) (OTCMKTS:EKTAY - Get Free Report) last issued its quarterly earnings data on Wednesday, November 27th. The company reported $0.06 earnings per share for the quarter. Elekta AB (publ) had a return on equity of 11.07% and a net margin of 5.65%. Equities analysts predict that Elekta AB will post 0.36 earnings per share for the current year.

Elekta AB (publ) Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.1072 per share. The ex-dividend date is Friday, March 7th. Elekta AB (publ)'s payout ratio is presently 48.00%.

Analysts Set New Price Targets

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

About Elekta AB (publ)

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.