Covalon Technologies (CVE:COV) Sets New 52-Week High – What’s Next?

Covalon Technologies Ltd. (CVE:COV)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as C$4.03 and last traded at C$3.83, with a volume of 1422 shares trading hands. The stock had previously closed at C$3.90.

Covalon Technologies Stock Down 1.0 %

The stock has a market capitalization of C$103.85 million, a price-to-earnings ratio of -94.75 and a beta of 0.64. The firm has a 50-day moving average of C$3.41 and a 200 day moving average of C$2.59. The company has a current ratio of 5.24, a quick ratio of 6.45 and a debt-to-equity ratio of 4.98.

Covalon Technologies (CVE:COV) last issued its quarterly earnings data on Wednesday, August 21st. The company reported C$0.06 EPS for the quarter. The firm had revenue of C$9.22 million for the quarter. Covalon Technologies had a negative net margin of 2.82% and a negative return on equity of 3.85%. On average, sell-side analysts anticipate that Covalon Technologies Ltd. will post 0.3 earnings per share for the current year.

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.