Elekta (OTCMKTS:EKTAY) Stock Price Down 1.8% - Here's Why

Key Points

• Elekta's stock price decreased by 1.8%, closing at $5.04 with significantly low trading volume.
• Recent analyst reports indicate a consensus rating of "Reduce", with UBS Group issuing a "sell" rating and Zacks upgrading the stock to a "hold".
• The company recently announced a dividend payout of $0.0744 per share, yielding approximately 289.0%, despite a high dividend payout ratio of 216.67%.

Elekta AB (OTCMKTS:EKTAY - Get Free Report) traded down 1.8% during trading on Thursday . The stock traded as low as $5.04 and last traded at $5.04. 909 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 3,064 shares. The stock had previously closed at $5.13.

Wall Street Analyst Weigh In

EKTAY has been the subject of several recent research reports. UBS Group initiated coverage on shares of Elekta in a research report on Wednesday, September 3rd. They issued a "sell" rating for the company. Zacks Research upgraded shares of Elekta from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 16th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Reduce".

Elekta Trading Down 1.8%

The company has a current ratio of 1.05, a quick ratio of 0.82 and a debt-to-equity ratio of 0.63. The company's fifty day moving average is $5.01 and its 200-day moving average is $5.04. The firm has a market capitalization of $1.86 billion, a P/E ratio of 84.01 and a beta of 1.12.

Elekta (OTCMKTS:EKTAY - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The company reported $0.03 earnings per share (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. As a group, sell-side analysts anticipate that Elekta AB will post 0.36 earnings per share for the current fiscal year.

Elekta Announces Dividend

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

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