Elekta (OTCMKTS:EKTAY) Shares Gap Up – Time to Buy?

Elekta AB (OTCMKTS:EKTAY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $5.8650, but opened at $6.23. Elekta shares last traded at $6.23, with a volume of 723 shares.

Elekta Stock Performance

The company has a quick ratio of 0.79, a current ratio of 1.04 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $2.47 billion, a P/E ratio of 95.60 and a beta of 1.07. The business has a fifty day moving average price of $6.29 and a 200-day moving average price of $5.58.

Elekta (OTCMKTS:EKTAY) last issued its earnings results on Thursday, March 5th. The company reported $0.09 earnings per share for the quarter. The business had revenue of $433.29 million during the quarter. Elekta had a return on equity of 12.14% and a net margin of 1.62%. On average, sell-side analysts expect that Elekta AB will post 0.36 EPS for the current year.

Elekta Company Profile

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.