Getinge (OTCMKTS:GNGBY) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Getinge (OTCMKTS:GNGBY)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $22.11 and traded as high as $24.9788. Getinge shares last traded at $24.9788, with a volume of 407 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Getinge from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Strong Buy”.

Getinge Price Performance

The stock has a fifty day moving average of $22.11 and a two-hundred day moving average of $21.42. The company has a current ratio of 1.31, a quick ratio of 0.74 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $6.80 billion, a price-to-earnings ratio of 23.79 and a beta of 0.92.

Getinge (OTCMKTS:GNGBY) last posted its quarterly earnings data on Friday, July 17th. The company reported $0.38 EPS for the quarter. The company had revenue of $894.87 million for the quarter. Getinge had a return on equity of 11.12% and a net margin of 7.81%. As a group, equities research analysts forecast that Getinge will post 1.38 earnings per share for the current year.

Getinge Company Profile

Getinge AB is a global medical technology company that develops, manufactures and markets products and systems for hospitals and life sciences institutions. The company’s offerings focus on critical care, surgical workflows and infection control, aiming to improve clinical outcomes and operational efficiency. Getinge’s solutions support a range of applications from intensive care and cardiovascular treatments to sterile reprocessing of surgical instruments.

The company’s product portfolio includes sterilization and disinfection equipment, surgical tables and lights, ventilation systems, heart-lung machines and extracorporeal membrane oxygenation (ECMO) devices.