Getinge (OTCMKTS:GNGBY) Announces Earnings Results

Getinge (OTCMKTS:GNGBY) announced its quarterly earnings data on Wednesday. The company reported $0.32 EPS for the quarter, Zacks reports. The business had revenue of $875.58 million during the quarter. Getinge had a net margin of 7.81% and a return on equity of 11.12%.

Getinge Price Performance

Shares of OTCMKTS GNGBY opened at $26.52 on Thursday. The stock has a market capitalization of $7.22 billion, a price-to-earnings ratio of 20.17 and a beta of 0.95. Getinge has a 12 month low of $18.99 and a 12 month high of $26.88. The firm’s 50 day simple moving average is $25.14 and its 200-day simple moving average is $22.74. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.31 and a quick ratio of 0.74.

Analyst Ratings Changes

GNGBY has been the topic of a number of research reports. UBS Group assumed coverage on shares of Getinge in a research note on Wednesday, September 2nd. They issued a “hold” rating on the stock. Zacks Research downgraded shares of Getinge from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 17th. Nordea Equity Research downgraded shares of Getinge from a “buy” rating to a “hold” rating in a research report on Monday, August 31st. Finally, Pareto Securities lowered shares of Getinge from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 24th. Four equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

About Getinge

Getinge AB is a Sweden-based medical technology company that develops products and solutions for hospitals, healthcare providers and life sciences organizations. Its offerings are designed to support patient care, surgical procedures, infection prevention and the development and production of pharmaceuticals and other medical products.

The company’s portfolio includes equipment for intensive care and cardiovascular procedures, operating-room systems, surgical instruments, sterilization and disinfection solutions, and products used in laboratories and biopharmaceutical manufacturing.