Coloplast A/S (OTCMKTS:CLPBY) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Shares of Coloplast A/S Sponsored ADR (OTCMKTS:CLPBY) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.72 and traded as low as $6.40. Coloplast A/S shares last traded at $6.45, with a volume of 112,052 shares trading hands.

Coloplast A/S Stock Down 0.9%

The company has a market capitalization of $14.54 billion, a P/E ratio of 33.95, a PEG ratio of 2.44 and a beta of 0.16. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.56 and a quick ratio of 1.09. The company has a 50 day moving average of $6.72 and a 200-day moving average of $6.52.

Coloplast A/S (OTCMKTS:CLPBY) last released its quarterly earnings data on Tuesday, August 18th. The company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. Coloplast A/S had a return on equity of 39.27% and a net margin of 9.68%.The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. As a group, equities analysts anticipate that Coloplast A/S Sponsored ADR will post 0.4 EPS for the current year.

Coloplast A/S Company Profile

Coloplast A/S is a Denmark-based medical technology company that develops and markets products and services for people with intimate and chronic healthcare needs. Its primary business areas include ostomy care, continence care, wound and skin care, and interventional urology.

The company’s products include ostomy bags and accessories, catheters for intermittent catheterization, continence care products, wound dressings, and devices used in urological procedures. Coloplast serves patients, healthcare professionals, hospitals, and care providers through direct sales, distributors, and healthcare systems.

Coloplast traces its origins to 1957, when nurse Elise Sørensen developed the first adhesive ostomy bag with assistance from engineer Aage Louis-Hansen.