ConvaTec Group (OTCMKTS:CNVVY) Shares Down 0.5% – What’s Next?

ConvaTec Group PLC (OTCMKTS:CNVVY)’s stock price was down 0.5% during mid-day trading on Thursday . The company traded as low as $12.02 and last traded at $12.14. Approximately 24,505 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 37,666 shares. The stock had previously closed at $12.20.

Wall Street Analysts Forecast Growth

CNVVY has been the subject of several research analyst reports. Royal Bank Of Canada raised ConvaTec Group from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. Peel Hunt upgraded ConvaTec Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.

ConvaTec Group Price Performance

The stock has a 50-day moving average of $12.70 and a 200 day moving average of $13.53.

ConvaTec Group Company Profile

ConvaTec Group PLC engages in the development, manufacturing, and sale of medical products, services, and technologies in Europe, North America, and internationally. The company offers advanced wound dressings and skin care products for the management of acute and chronic wounds resulting from various conditions, such as diabetes, and acute conditions resulting from traumatic injury and burns.