Covalon Technologies (CVE:COV) Sets New 1-Year Low - Should You Sell?

Key Points

• Covalon Technologies Ltd. reached a new 52-week low, trading at C$2.07 and closing at C$2.11 on Wednesday.
• The company's current financial ratios include a debt-to-equity ratio of 3.28 and a market cap of C$57.85 million.
• Covalon specializes in the research and manufacturing of medical products for infection management and advanced wound care across various global markets.

Covalon Technologies Ltd. (CVE:COV - )'s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as C$2.07 and last traded at C$2.11, with a volume of 52310 shares traded. The stock had previously closed at C$2.18.

Covalon Technologies Stock Down 3.2%

The company has a debt-to-equity ratio of 3.28, a current ratio of 7.27 and a quick ratio of 6.45. The business has a fifty day moving average of C$2.26 and a 200 day moving average of C$2.39. The stock has a market cap of C$57.85 million, a price-to-earnings ratio of 23.44 and a beta of 0.44.

Covalon Technologies Company Profile

Covalon Technologies Ltd. engages in the research, development, manufacturing, and marketing of medical products in infection management, advanced wound care, and surgical procedure areas in the United States, Canada, the Middle East, Asia, Latin America, and internationally. The company's platform technologies comprise collagen matrix platform that is used to manufacture a family of products to treat chronic and infected wounds, including diabetic ulcers, pressure ulcers, venous ulcers, donor and graft sites, traumatic wounds healing by secondary intention, dehisced surgical wounds, and first and second degree burns; and antimicrobial silicone adhesive platform, which is used for family of pre and post-surgical, and vascular access products that are designed to kill bacteria or yeast that comes into contact with the antimicrobial silicone providing broad-spectrum antimicrobial activity.

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