Getinge (OTCMKTS:GNGBY) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Getinge (OTCMKTS:GNGBY) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $22.66 and traded as low as $22.20. Getinge shares last traded at $22.20, with a volume of 2,501 shares.

Analyst Ratings Changes

Separately, Nordea Equity Research upgraded shares of Getinge from a “hold” rating to a “buy” rating in a report on Wednesday, October 22nd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Getinge Price Performance

The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 28.97 and a beta of 1.07. The company has a 50 day simple moving average of $22.64 and a 200-day simple moving average of $21.02. The company has a current ratio of 1.34, a quick ratio of 0.70 and a debt-to-equity ratio of 0.31.

Getinge (OTCMKTS:GNGBY) last posted its quarterly earnings data 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.