Getinge (OTCMKTS:GNGBY) Shares Gap Down – Here’s Why

Shares of Getinge (OTCMKTS:GNGBY) gapped down before the market opened on Wednesday . The stock had previously closed at $22.69, but opened at $21.73. Getinge shares last traded at $21.73, with a volume of 1,074 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Nordea Equity Research raised Getinge from a “hold” rating to a “buy” rating in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Getinge has a consensus rating of “Moderate Buy”.

Getinge Trading Up 2.3%

The company has a debt-to-equity ratio of 0.31, a current ratio of 1.34 and a quick ratio of 0.70. The business’s fifty day simple moving average is $22.59 and its 200 day simple moving average is $21.04. The stock has a market cap of $5.93 billion, a price-to-earnings ratio of 29.04 and a beta of 1.07.

Getinge (OTCMKTS:GNGBY) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $0.25 earnings per share (EPS) for the quarter. Getinge had a net margin of 5.77% and a return on equity of 10.64%. The company had revenue of $864.74 million for the quarter.

About Getinge

Getinge AB (publ) provides products and solutions for operating rooms, intensive-care units, and sterilization departments. The company operates through Acute Care Therapies, Life Science, and Surgical Workflows segments. It offers extracorporeal membrane oxygenation, mechanical ventilation, mechanical circulatory support, advanced patient monitoring, ICU infrastructure equipment, patient flow management, and drainage solutions.