ConvaTec Group PLC (OTCMKTS:CNVVY – Get Free Report) was up 2.8% on Monday . The company traded as high as $15.23 and last traded at $14.98. Approximately 408,185 shares changed hands during mid-day trading, an increase of 1,099% from the average daily volume of 34,056 shares. The stock had previously closed at $14.57.
Analyst Upgrades and Downgrades
Separately, Peel Hunt upgraded ConvaTec Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, April 14th.
Read Our Latest Research Report on CNVVY
ConvaTec Group Stock Up 2.8%
ConvaTec Group Increases Dividend
The firm also recently declared a dividend, which will be paid on Thursday, June 12th. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.1847 per share. This is a boost from ConvaTec Group’s previous dividend of $0.06. The ex-dividend date of this dividend is Tuesday, April 22nd.
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.
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