Elekta (OTCMKTS:EKTAY) Shares Gap Up – Here’s Why

Elekta AB (OTCMKTS:EKTAY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $6.57, but opened at $6.93. Elekta shares last traded at $6.86, with a volume of 1,048 shares trading hands.

Elekta Price Performance

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.04 and a quick ratio of 0.79. The company’s 50-day moving average price is $5.68 and its 200-day moving average price is $5.25. The company has a market cap of $2.53 billion, a P/E ratio of 98.01 and a beta of 1.04.

Elekta (OTCMKTS:EKTAY) last announced its earnings results on Wednesday, November 26th. The company reported $0.07 earnings per share for the quarter. The firm had revenue of $427.85 million during the quarter, compared to analyst estimates of $436.91 million. Elekta had a net margin of 1.62% and a return on equity of 12.14%. As a group, sell-side analysts predict that Elekta AB will post 0.36 earnings per share for the current fiscal year.

About Elekta

Elekta is a global medical technology company specializing in the development, manufacture and support of precision radiation therapy and radiosurgery equipment. Its products and services aim to improve patient outcomes in oncology and neurosurgery by combining advanced hardware, software and clinical workflow solutions. Elekta’s offerings are designed to address a broad range of cancer types and brain disorders through targeted, image-guided treatments.

The company’s core product portfolio includes linear accelerators for external beam radiation therapy, stereotactic radiosurgery systems such as the renowned Gamma Knife platform, and brachytherapy solutions for internal radiation treatment.