ConvaTec Group (OTCMKTS:CNVVY) Shares Down 5.9% – Here’s Why

ConvaTec Group PLC (OTCMKTS:CNVVYGet Free Report)’s stock price was down 5.9% during trading on Tuesday . The stock traded as low as $13.20 and last traded at $13.21. Approximately 9,274 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 31,041 shares. The stock had previously closed at $14.04.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CNVVY shares. Royal Bank Of Canada cut shares of ConvaTec Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, June 2nd. Peel Hunt raised shares of ConvaTec Group from a “hold” rating to a “moderate buy” rating in a report on Monday, April 14th.

Read Our Latest Analysis on CNVVY

ConvaTec Group Trading Down 5.9%

The firm’s 50-day moving average price is $15.19 and its 200 day moving average price is $13.67.

About ConvaTec Group

(Get Free Report)

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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