ConvaTec Group (LON:CTEC) Shares Down 0.3% - Here's What Happened

ConvaTec Group PLC (LON:CTEC - Get Free Report)'s stock price was down 0.3% during mid-day trading on Tuesday . The company traded as low as GBX 289 ($3.93) and last traded at GBX 289 ($3.93). Approximately 9,495,298 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 15,485,807 shares. The stock had previously closed at GBX 289.80 ($3.95).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 310 ($4.22) target price on shares of ConvaTec Group in a research report on Wednesday, March 5th.

ConvaTec Group Stock Down 0.3%

The company has a market cap of £7.35 billion, a P/E ratio of 48.67, a PEG ratio of 0.93 and a beta of 0.64. The stock's 50-day moving average price is GBX 274.08 and its 200-day moving average price is GBX 253.55. The company has a current ratio of 2.26, a quick ratio of 0.96 and a debt-to-equity ratio of 85.32.

About ConvaTec Group

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.

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