ConvaTec Group (LON:CTEC) Shares Down 3.1% – Here’s Why

ConvaTec Group PLC (LON:CTEC)’s share price traded down 3.1% during mid-day trading on Monday . The company traded as low as GBX 226.20 ($2.84) and last traded at GBX 227.60 ($2.86). 3,654,484 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 6,784,078 shares. The stock had previously closed at GBX 234.80 ($2.95).

ConvaTec Group Price Performance

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 company has a 50 day simple moving average of GBX 229.49 and a 200 day simple moving average of GBX 234.76. The stock has a market cap of £4.69 billion, a P/E ratio of 3,813.33, a PEG ratio of 0.93 and a beta of 0.64.

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.