Getinge (OTCMKTS:GNGBY) Sees Strong Trading Volume – Here’s What Happened

Getinge (OTCMKTS:GNGBY) shares saw unusually-strong trading volume on Monday. 2,424 shares traded 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.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Zacks Research cut Getinge from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 17th. UBS Group began coverage on Getinge in a report on Wednesday, September 2nd. They issued a “hold” rating on the stock. Pareto Securities downgraded Getinge from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Finally, Nordea Equity Research cut shares of Getinge from a “buy” rating to a “hold” rating in a research note on Monday, August 31st. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Getinge Price Performance

The company has a market capitalization of $6.90 billion, a P/E ratio of 24.14 and a beta of 0.93. 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 firm has a fifty day moving average of $24.84 and a 200 day moving average of $22.05.

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

Getinge Company Profile

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.