Getinge AB (OTCMKTS:GNGBY) Sees Significant Increase in Short Interest

Getinge AB (OTCMKTS:GNGBY) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 800 shares, a growth of 166.7% from the September 15th total of 300 shares. Based on an average daily volume of 1,600 shares, the short-interest ratio is currently 0.5 days.

Several equities research analysts have commented on the stock. Berenberg Bank reaffirmed a “buy” rating on shares of Getinge in a research note on Wednesday, July 21st. AlphaValue raised shares of Getinge from a “reduce” rating to a “buy” rating and set a $41.32 target price for the company in a research note on Monday, July 26th. Zacks Investment Research downgraded shares of Getinge from a “buy” rating to a “hold” rating in a research report on Tuesday, August 24th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Getinge in a research report on Monday, July 19th. Finally, Pareto Securities downgraded shares of Getinge from a “buy” rating to a “hold” rating in a research report on Tuesday, June 29th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $44.16.

Shares of GNGBY stock remained flat at $$39.26 during trading hours on Thursday. 108 shares of the stock traded hands, compared to its average volume of 1,612. The stock has a market cap of $9.98 billion, a P/E ratio of 23.51 and a beta of 0.88. Getinge has a 52 week low of $19.37 and a 52 week high of $44.80. The company has a 50 day moving average of $41.76 and a 200 day moving average of $37.74. The company has a quick ratio of 1.93, a current ratio of 2.96 and a debt-to-equity ratio of 0.20.

Getinge (OTCMKTS:GNGBY) last released its earnings results on Friday, July 16th. The company reported $0.36 earnings per share for the quarter. The business had revenue of $782.47 million during the quarter. Getinge had a net margin of 13.19% and a return on equity of 19.34%. As a group, sell-side analysts forecast that Getinge will post 1.38 earnings per share for the current fiscal year.

About Getinge

Getinge AB is a medical technology company specializes in providing equipment, systems, operating rooms, intensive-care units to the healthcare and the life science industries. It engages in supplying of solutions for theaters, intensive care units, sterilization centers and companies and institutions within life science.

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