Getinge (OTCMKTS:GNGBY) Shares Gap Down – Here’s Why

Getinge (OTCMKTS:GNGBY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $22.69, but opened at $21.73. Getinge shares last traded at $21.73, with a volume of 1,074 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Getinge Trading Down 2.1%

The stock has a market capitalization of $5.92 billion, a PE ratio of 28.97 and a beta of 1.07. The company has a current ratio of 1.34, a quick ratio of 0.70 and a debt-to-equity ratio of 0.31. The business’s 50-day moving average is $22.66 and its two-hundred day moving average is $21.02.

Getinge (OTCMKTS:GNGBY) last issued its quarterly earnings data 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 return on equity of 10.64% and a net margin of 5.77%.

Getinge Company Profile

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.