Getinge (OTCMKTS:GNGBY) Sets New 52-Week High – Time to Buy?

Getinge (OTCMKTS:GNGBY) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $25.98 and last traded at $25.98, with a volume of 105 shares changing hands. The stock had previously closed at $25.80.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Getinge from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Getinge Price Performance

The stock has a fifty day simple moving average of $23.24 and a 200-day simple moving average of $21.65. The company has a market capitalization of $7.01 billion, a PE ratio of 24.51 and a beta of 0.92. The company has a current ratio of 1.31, a quick ratio of 0.74 and a debt-to-equity ratio of 0.26.

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

About Getinge

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.