ConvaTec Group (OTCMKTS:CNVVY) Shares Down 2% – Should You Sell?

ConvaTec Group PLC (OTCMKTS:CNVVY)’s stock price fell 2% on Thursday . The company traded as low as $11.40 and last traded at $11.40. 7,732 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 25,340 shares. The stock had previously closed at $11.63.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CNVVY shares. UBS Group raised ConvaTec Group to a “strong-buy” rating in a report on Wednesday, June 26th. Berenberg Bank upgraded ConvaTec Group to a “strong-buy” rating in a report on Tuesday, August 6th. Finally, Barclays raised shares of ConvaTec Group to a “strong-buy” rating in a research report on Wednesday, July 31st.

ConvaTec Group Trading Down 2.0 %

The stock’s 50-day moving average price is $12.05 and its 200 day moving average price is $12.61.

ConvaTec Group Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, October 21st. Investors of record on Friday, August 23rd were paid a dividend of $0.0584 per share. 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.