ConvaTec Group (OTCMKTS:CNVVY) Shares Up 0.1% – Should You Buy?

ConvaTec Group PLC (OTCMKTS:CNVVY)’s share price traded up 0.1% during mid-day trading on Friday . The company traded as high as $13.45 and last traded at $12.79. 114,855 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 117,196 shares. The stock had previously closed at $12.78.

Wall Street Analysts Forecast Growth

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

ConvaTec Group Price Performance

The company has a 50-day moving average price of $12.67 and a 200-day moving average price of $12.89.

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.