ConvaTec Group (OTCMKTS:CNVVY) Shares Up 0.2% – Time to Buy?

ConvaTec Group PLC (OTCMKTS:CNVVY) shot up 0.2% during trading on Monday . The company traded as high as $12.74 and last traded at $12.51. 64,086 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 113,734 shares. The stock had previously closed at $12.49.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein upgraded ConvaTec Group to a “strong-buy” rating in a research report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the company currently has an average rating of “Strong Buy”.

ConvaTec Group Price Performance

The stock’s 50 day moving average price is $12.77 and its 200 day moving average price is $12.74.

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.