Coloplast A/S (OTCMKTS:CLPBY) Sees Strong Trading Volume – What’s Next?

Coloplast A/S Sponsored ADR (OTCMKTS:CLPBY) shares saw unusually-strong trading volume on Tuesday. Approximately 2,556,335 shares traded hands during mid-day trading, an increase of 493% from the average daily volume of 430,965 shares. The stock last traded at $7.30 and had previously closed at $7.54.

Analysts Set New Price Targets

Separately, Barclays raised shares of Coloplast A/S from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Coloplast A/S Stock Down 3.3%

The stock’s 50-day moving average price is $6.86 and its two-hundred day moving average price is $6.78. The company has a current ratio of 1.56, a quick ratio of 0.94 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $16.43 billion, a P/E ratio of 34.71, a P/E/G ratio of 2.85 and a beta of 0.10.

Coloplast A/S (OTCMKTS:CLPBY) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. Coloplast A/S had a return on equity of 42.25% and a net margin of 10.57%. As a group, research analysts expect that Coloplast A/S Sponsored ADR will post 0.40 earnings per share for the current fiscal year.

About Coloplast A/S

Coloplast A/S is a Danish medical device company that develops and markets products and services for people with intimate health care needs. Its main business areas include ostomy care, continence care, wound and skin care, and urology care. Its products include ostomy bags and accessories, catheters and other continence products, wound dressings, and devices used in urological procedures. Coloplast also provides voice and respiratory care products, including solutions for people who have had a laryngectomy.