ConvaTec Group PLC (OTCMKTS:CNVVY – Get Free Report) shot up 0.7% during mid-day trading on Monday . The company traded as high as $12.53 and last traded at $12.37. 24,074 shares changed hands during trading, a decline of 43% from the average session volume of 41,915 shares. The stock had previously closed at $12.28.
Analysts Set New Price Targets
Separately, Royal Bank Of Canada upgraded ConvaTec Group from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 21st.
View Our Latest Stock Report on CNVVY
ConvaTec Group Price Performance
ConvaTec Group Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Thursday, October 16th. Shareholders of record on Monday, August 25th will be paid a dividend of $0.0596 per share. The ex-dividend date is Friday, August 22nd. This represents a yield of 176.0%.
About ConvaTec Group
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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