Getinge (OTCMKTS:GNGBY) Sees Strong Trading Volume – What’s Next?

Getinge (OTCMKTS:GNGBY) saw unusually-strong trading volume on Monday. Approximately 2,424 shares changed hands during trading, a decline of 20% from the previous session’s volume of 3,048 shares. The stock last traded at $25.1295 and had previously closed at $24.55.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Nordea Equity Research downgraded Getinge from a “buy” rating to a “hold” rating in a report on Monday, August 31st. Zacks Research lowered shares of Getinge from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 17th. Pareto Securities lowered shares of Getinge from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Finally, UBS Group assumed coverage on Getinge in a research report on Wednesday, September 2nd. They issued a “hold” rating on the stock. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Getinge Trading Up 3.3%

The company has a fifty day moving average of $24.84 and a 200-day moving average of $22.05. The firm has a market capitalization of $6.90 billion, a PE ratio of 24.14 and a beta of 0.93. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.31 and a quick ratio of 0.74.

Getinge (OTCMKTS:GNGBY) last released its quarterly earnings results on Friday, July 17th. The company reported $0.38 earnings per share (EPS) for the quarter. Getinge had a return on equity of 11.12% and a net margin of 7.81%.The company had revenue of $894.87 million during the quarter. On average, sell-side analysts anticipate that Getinge will post 1.38 earnings per share for the current fiscal year.

About Getinge

Getinge AB is a Sweden-based medical technology company that develops products and solutions for hospitals, healthcare providers and life science organizations. Founded in 1904 in Getinge, Sweden, the company serves customers through operations and sales channels across Europe, North America, Asia-Pacific and other international markets.

Getinge organizes its business around Acute Care Therapies, Life Science and Surgical Workflows. Its offerings include ventilators, anesthesia systems, patient monitoring and cardiovascular support technologies, as well as equipment used in intensive care and other acute-care settings.