ConvaTec Group PLC (OTCMKTS:CNVVY – Get Free Report) shares dropped 2% on Thursday . The company traded as low as $11.40 and last traded at $11.40. Approximately 7,732 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 25,340 shares. The stock had previously closed at $11.63.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the company. Barclays upgraded ConvaTec Group to a “strong-buy” rating in a research note on Wednesday, July 31st. Berenberg Bank raised ConvaTec Group to a “strong-buy” rating in a research report on Tuesday, August 6th.
View Our Latest Research Report on ConvaTec Group
ConvaTec Group Stock Performance
ConvaTec Group Cuts Dividend
The firm also recently declared a dividend, which was paid on Monday, October 21st. Stockholders of record on Friday, August 23rd were given a $0.0584 dividend. The ex-dividend date of this dividend was Friday, August 23rd.
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.
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