Elekta (OTCMKTS:EKTAY) Sees Strong Trading Volume – Time to Buy?

Elekta AB (OTCMKTS:EKTAY) shares saw an uptick in trading volume on Tuesday . 10,054 shares changed hands during trading, an increase of 282% from the previous session’s volume of 2,634 shares.The stock last traded at $5.9850 and had previously closed at $5.87.

Elekta Price Performance

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.04 and a quick ratio of 0.79. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of -597.90 and a beta of 1.07. The stock has a 50 day moving average price of $6.26 and a two-hundred day moving average price of $5.70.

Elekta (OTCMKTS:EKTAY) last posted its earnings results on Thursday, March 5th. The company reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $433.29 million for the quarter. Elekta had a positive return on equity of 12.72% and a negative net margin of 0.08%. As a group, 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.