Getinge (OTCMKTS:GNGBY) Reaches New 12-Month High – Here’s Why

Getinge (OTCMKTS:GNGBY)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $23.58 and last traded at $23.53, with a volume of 1070 shares. The stock had previously closed at $22.96.

Analyst Ratings Changes

Separately, Nordea Equity Research raised shares of Getinge from a “hold” rating to a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Getinge Trading Up 2.5%

The firm has a market capitalization of $6.41 billion, a PE ratio of 44.40 and a beta of 1.09. The company’s 50-day simple moving average is $22.05 and its 200 day simple moving average is $20.44. The company has a quick ratio of 0.70, a current ratio of 1.22 and a debt-to-equity ratio of 0.27.

Getinge (OTCMKTS:GNGBY) last released its quarterly earnings results on Tuesday, October 21st. The company reported $0.25 EPS for the quarter. Getinge had a net margin of 4.24% and a return on equity of 10.46%.

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.