ConvaTec Group (OTCMKTS:CNVVY) Trading Up 1.6% – What’s Next?

ConvaTec Group PLC (OTCMKTS:CNVVY)’s stock price shot up 1.6% during mid-day trading on Friday . The stock traded as high as $13.00 and last traded at $13.00. 174,741 shares traded hands during mid-day trading, an increase of 339% from the average session volume of 39,800 shares. The stock had previously closed at $12.79.

Wall Street Analyst Weigh In

Separately, Peel Hunt raised shares of ConvaTec Group from a “moderate buy” rating to a “strong-buy” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, ConvaTec Group presently has a consensus rating of “Strong Buy”.

ConvaTec Group Stock Performance

The business’s 50-day moving average price is $12.64 and its two-hundred day moving average price is $13.17.

About ConvaTec Group

ConvaTec Group is a global medical products and technologies company focused on developing therapies and technologies for the management of chronic health conditions. The company’s portfolio spans four core business areas—Advanced Wound Care, Ostomy Care, Continence & Critical Care, and Infusion Devices—which are designed to improve patient outcomes and enhance quality of life for people living with long-term health challenges. ConvaTec’s product range includes proprietary wound dressings, ostomy and continence management systems, and safety-engineered infusion sets.

Headquartered in Reading, United Kingdom, ConvaTec serves customers in over 100 countries through a network of manufacturing, distribution, and customer support operations.