ConvaTec Group (OTCMKTS:CNVVY) Trading Up 1.6% – What’s Next?

ConvaTec Group PLC (OTCMKTS:CNVVY) shot up 1.6% during trading on Friday . The company traded as high as $13.00 and last traded at $13.00. 174,741 shares traded hands during trading, an increase of 339% from the average session volume of 39,800 shares. The stock had previously closed at $12.79.

Analyst Ratings Changes

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

ConvaTec Group Trading Up 1.6%

The stock’s fifty day simple moving average is $12.64 and its 200-day simple moving average is $13.19.

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.