ConvaTec Group (LON:CTEC) Stock Price Down 0.3% - Should You Sell?

Shares of ConvaTec Group PLC (LON:CTEC - Get Free Report) were down 0.3% on Tuesday . The stock traded as low as GBX 289 ($3.97) and last traded at GBX 289 ($3.97). Approximately 9,495,298 shares traded hands during trading, a decline of 39% from the average daily volume of 15,485,807 shares. The stock had previously closed at GBX 289.80 ($3.98).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 310 ($4.25) target price on shares of ConvaTec Group in a research report on Wednesday, March 5th.

ConvaTec Group Stock Up 0.1%

The company has a current ratio of 2.26, a quick ratio of 0.96 and a debt-to-equity ratio of 85.32. The business's 50-day simple moving average is GBX 275.48 and its 200-day simple moving average is GBX 254.06. The company has a market capitalization of £7.35 billion, a PE ratio of 48.70, a price-to-earnings-growth ratio of 0.93 and a beta of 0.64.

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.