Getinge (OTCMKTS:GNGBY) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Getinge (OTCMKTS:GNGBY) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $20.58 and traded as low as $20.50. Getinge shares last traded at $20.88, with a volume of 724 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Getinge to a “hold” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

Getinge Stock Up 3.7%

The company has a quick ratio of 0.86, a current ratio of 1.32 and a debt-to-equity ratio of 0.27. The firm has a market cap of $5.69 billion, a PE ratio of 22.70 and a beta of 0.97. The firm’s 50 day moving average is $20.58 and its 200-day moving average is $21.65.

Getinge Company Profile

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.