ConvaTec Group (OTCMKTS:CNVVY) Stock Price Down 3.5% – Here’s What Happened

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Berenberg Bank raised shares of ConvaTec Group to a “strong-buy” rating in a research note on Tuesday, August 6th. Barclays upgraded ConvaTec Group to a “strong-buy” rating in a research report on Wednesday, July 31st.

Read Our Latest Analysis on CNVVY

ConvaTec Group Stock Performance

The business has a 50 day moving average of $11.80 and a 200 day moving average of $12.34.

ConvaTec Group Company Profile

(Get Free Report)

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.

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