Elekta (OTCMKTS:EKTAY) Stock Rating Upgraded by Zacks Research

Key Points

• Elekta has been upgraded from a "strong sell" rating to a "hold" rating by Zacks Research, amidst a consensus rating of "Reduce" from other analysts.
• The company's stock opened at $5.25 and has a market capitalization of $1.93 billion, with a P/E ratio of 87.43.
• Elekta reported earnings of $0.03 per share for the last quarter, with revenue of $379.64 million and is expected to post $0.36 EPS for the current fiscal year.

Zacks Research upgraded shares of Elekta (OTCMKTS:EKTAY - Free Report) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities analysts also recently issued reports on EKTAY. UBS Group began coverage on shares of Elekta in a report on Wednesday, September 3rd. They set a "sell" rating on the stock. Danske lowered Elekta to a "hold" rating in a research report on Tuesday, June 3rd. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Elekta currently has a consensus rating of "Reduce".

Elekta Stock Up 1.8%

Elekta stock traded up $0.10 during trading hours on Tuesday, reaching $5.35. The stock had a trading volume of 1,320 shares, compared to its average volume of 4,251. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 89.18 and a beta of 1.10. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.05 and a quick ratio of 0.82. The business's 50 day moving average price is $4.99 and its 200-day moving average price is $5.07. Elekta has a 52 week low of $4.36 and a 52 week high of $7.13.

Elekta (OTCMKTS:EKTAY - Get Free Report) last announced its earnings results on Thursday, August 28th. The company reported $0.03 EPS for the quarter. Elekta had a net margin of 1.40% and a return on equity of 11.49%. The business had revenue of $379.64 million during the quarter. Sell-side analysts anticipate that Elekta will post 0.36 EPS for the current year.

Elekta Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 9th will be paid a $0.0744 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a dividend yield of 289.0%. Elekta's dividend payout ratio (DPR) is 216.67%.

About Elekta

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.