Getinge (OTCMKTS:GNGBY) Shares Pass Below 50 Day Moving Average – Here’s Why

Shares of Getinge (OTCMKTS:GNGBY) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $22.56 and traded as low as $22.44. Getinge shares last traded at $22.44, with a volume of 644 shares.

Analyst Ratings Changes

Separately, Nordea Equity Research upgraded Getinge from a “hold” rating to a “buy” rating in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Getinge Price Performance

The firm’s 50 day moving average price is $22.56 and its two-hundred day moving average price is $21.13. 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 stock has a market cap of $6.11 billion, a PE ratio of 29.92 and a beta of 1.07.

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

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.