Elekta AB (publ) (OTCMKTS:EKTAY) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Elekta AB (publ) (OTCMKTS:EKTAY)’s stock price 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 trading hands.

Analyst Ratings Changes

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

Elekta AB (publ) Stock Performance

The company has a debt-to-equity ratio of 0.60, a current ratio of 1.05 and a quick ratio of 0.81. The company has a 50 day simple moving average of $5.76 and a 200-day simple moving average of $5.97. The stock has a market cap of $2.14 billion, a P/E ratio of 22.34 and a beta of 1.25.

Elekta AB (publ) (OTCMKTS:EKTAY) 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). 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. On average, equities analysts expect that Elekta AB will post 0.36 earnings per share for the current fiscal year.

Elekta AB (publ) Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.1072 per share. The ex-dividend date is Friday, March 7th. Elekta AB (publ)’s dividend payout ratio (DPR) is currently 44.00%.

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.