ConvaTec Group (OTCMKTS:CNVVY) Stock Price Down 3.5% – Time to Sell?

ConvaTec Group PLC (OTCMKTS:CNVVY)’s stock price was down 3.5% during trading on Thursday . The stock traded as low as $12.51 and last traded at $12.68. Approximately 13,976 shares traded hands during trading, a decline of 42% from the average daily volume of 24,302 shares. The stock had previously closed at $13.14.

Analyst Upgrades and Downgrades

CNVVY has been the subject of a number of research reports. Berenberg Bank raised shares of ConvaTec Group to a “strong-buy” rating in a report on Tuesday, August 6th. Barclays raised shares of ConvaTec Group to a “strong-buy” rating in a research report on Wednesday, July 31st.

ConvaTec Group Trading Down 3.5 %

The business has a 50-day moving average price of $11.79 and a 200-day moving average price of $12.34.

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.