ConvaTec Group (OTCMKTS:CNVVY) Stock Price Down 3.5% – Time to Sell?

ConvaTec Group PLC (OTCMKTS:CNVVY)’s stock price dropped 3.5% during trading on Thursday . The company traded as low as $12.51 and last traded at $12.68. Approximately 13,976 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 24,302 shares. The stock had previously closed at $13.14.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CNVVY shares. Barclays upgraded shares of ConvaTec Group to a “strong-buy” rating in a research note on Wednesday, July 31st. Berenberg Bank raised shares of ConvaTec Group to a “strong-buy” rating in a research note on Tuesday, August 6th.

ConvaTec Group Price Performance

The business has a 50-day simple moving average of $11.79 and a two-hundred day simple moving average of $12.34.

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.