Elekta (OTCMKTS:EKTAY) Shares Gap Down - What's Next?

Key Points

• Elekta's shares opened at $4.92, down from a previous close of $5.24, indicating a significant gap down in the stock price.
• Analyst ratings are mixed, with UBS Group issuing a "sell" rating while Zacks upgraded to a "hold," resulting in an average rating of "Reduce".
• Elekta recently announced a dividend of $0.0744 per share, with a dividend yield of 289.0% despite a high payout ratio of 200.00%.

Elekta AB (OTCMKTS:EKTAY - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $5.24, but opened at $4.92. Elekta shares last traded at $4.93, with a volume of 5,862 shares changing hands.

Analyst Ratings Changes

A number of research firms have issued reports on EKTAY. UBS Group assumed coverage on shares of Elekta in a research report on Wednesday, September 3rd. They set a "sell" rating for the company. Zacks Research raised shares of Elekta from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 16th. Finally, Danske cut shares of Elekta to a "hold" rating in a research note 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. According to data from MarketBeat.com, the company presently has an average rating of "Reduce".

Elekta Stock Performance

The company has a market cap of $1.82 billion, a PE ratio of 82.51 and a beta of 1.10. The firm's fifty day moving average is $5.00 and its 200 day moving average is $5.08. The company has a current ratio of 1.05, a quick ratio of 0.82 and a debt-to-equity ratio of 0.63.

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

Elekta Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 9th will be issued a dividend of $0.0744 per share. The ex-dividend date of this dividend is Monday, September 8th. This represents a dividend yield of 289.0%. Elekta's dividend payout ratio is presently 200.00%.

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.

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