Zacks Investment Research upgraded shares of ELEKTA AB/ADR (OTCMKTS:EKTAY) from a sell rating to a hold rating in a research report released on Wednesday, Zacks.com reports.

According to Zacks, “Elekta AB is a human care company engaged in developing and selling clinical solutions for the treatment of cancer and neurological diseases. It develops tools and treatment planning systems for radiation therapy, radiosurgery and brachytherapy, as well as workflow enhancing software systems across the spectrum of cancer care. The Company’s offering is divided into five areas: Neuroscience, Oncology, Software, Brachytherapy and Services. Elekta AB is headquartered in Stockholm, Sweden. “

Separately, ValuEngine cut shares of ELEKTA AB/ADR from a buy rating to a hold rating in a report on Tuesday.

EKTAY opened at $11.80 on Wednesday. ELEKTA AB/ADR has a twelve month low of $10.59 and a twelve month high of $14.61. The company has a quick ratio of 0.93, a current ratio of 1.18 and a debt-to-equity ratio of 0.62. The firm has a market cap of $4.37 billion, a PE ratio of 33.71, a PEG ratio of 2.83 and a beta of 0.52.

ELEKTA AB/ADR (OTCMKTS:EKTAY) last posted its quarterly earnings data on Friday, February 22nd. The company reported $0.06 earnings per share for the quarter. ELEKTA AB/ADR had a net margin of 9.35% and a return on equity of 16.86%. The company had revenue of $367.04 million during the quarter. As a group, research analysts anticipate that ELEKTA AB/ADR will post 0.35 earnings per share for the current fiscal year.

The business also recently declared a Semi-Annual dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were issued a $0.052 dividend. The ex-dividend date of this dividend was Friday, March 1st. ELEKTA AB/ADR’s payout ratio is 28.57%.

ELEKTA AB/ADR Company Profile

Elekta AB (publ) provides equipment and software for cancer and brain disorders worldwide. The company offers radiotherapy systems under the Versa HD, Precise Treatment System, and Elekta Compact names; Elekta Infinity, an image-guided radiation therapy (IGRT) system; and Elekta Synergy, a digital accelerator for advanced IGRT.

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