ConvaTec Group (OTCMKTS:CNVVY) Trading 0.3% Higher – Should You Buy?

Shares of ConvaTec Group PLC (OTCMKTS:CNVVY) were up 0.3% on Wednesday . The stock traded as high as $12.55 and last traded at $12.50. Approximately 15,870 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 38,252 shares. The stock had previously closed at $12.4663.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Peel Hunt upgraded shares of ConvaTec Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. Royal Bank Of Canada raised shares of ConvaTec Group from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

ConvaTec Group Price Performance

The firm’s 50 day simple moving average is $12.79 and its two-hundred day simple moving average is $13.71.

ConvaTec Group Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, October 16th. Investors of record on Monday, August 25th were issued a dividend of $0.0596 per share. The ex-dividend date was Friday, August 22nd. This represents a yield of 176.0%.

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.