Short Interest in Elekta AB (publ) (OTCMKTS:EKTAY) Expands By 200.0%

Elekta AB (publ) (OTCMKTS:EKTAY) was the target of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 300 shares, an increase of 200.0% from the January 31st total of 100 shares. Based on an average daily trading volume, of 6,300 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein raised shares of Elekta AB (publ) from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 29th.

Elekta AB (publ) Price Performance

Shares of OTCMKTS EKTAY traded up $0.01 during midday trading on Friday, reaching $5.43. The stock had a trading volume of 9,765 shares, compared to its average volume of 8,953. The stock has a 50-day moving average of $5.72 and a 200-day moving average of $6.07. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.81 and a current ratio of 1.05. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 21.72 and a beta of 1.22. Elekta AB has a 12-month low of $5.25 and a 12-month high of $8.24.

Elekta AB (publ) (OTCMKTS:EKTAY) last issued its earnings results on Friday, February 21st. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Elekta AB (publ) had a return on equity of 11.07% and a net margin of 5.65%. The company had revenue of $416.86 million for the quarter, compared to the consensus estimate of $435.89 million. As a group, research analysts anticipate that Elekta AB will post 0.36 EPS for the current fiscal year.

Elekta AB (publ) Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be given a dividend of $0.1072 per share. The ex-dividend date of this dividend is Friday, March 7th. Elekta AB (publ)’s dividend payout ratio is 40.00%.

About Elekta AB (publ)

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.