Covalon Technologies (OTCMKTS:CVALF) Stock Price Down 7.6%

Covalon Technologies Ltd. (OTCMKTS:CVALFGet Rating) shares traded down 7.6% during mid-day trading on Friday . The company traded as low as $1.43 and last traded at $1.43. 3,000 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 5,417 shares. The stock had previously closed at $1.55.

Covalon Technologies Trading Down 7.6 %

The stock has a fifty day moving average price of $1.55 and a 200-day moving average price of $1.63. The firm has a market capitalization of $35.80 million, a price-to-earnings ratio of -5.71 and a beta of -0.52.

Covalon Technologies (OTCMKTS:CVALFGet Rating) last released its quarterly earnings results on Thursday, February 23rd. The company reported ($0.01) earnings per share for the quarter. Covalon Technologies had a negative net margin of 44.56% and a negative return on equity of 32.72%. The business had revenue of $4.56 million for the quarter.

Covalon Technologies Company Profile

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Covalon Technologies Ltd. engages in the research, development, manufacturing, and marketing of patent-protected medical products. It focuses on the wound care, infection management, and surgical procedures. The firm sells its products under the brand name Covalon. Its products categories include advanced wound care, vascular access, perioperative care, and urology.

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