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CONMED (NYSE:CNMD) Sets New 52-Week Low – Here’s What Happened
['Ethan Ryder']
Ticker Report
Shares of CONMED Corporation (NYSE:CNMD – Get Free Report) reached a new 52-week low during trading on Thursday .
Zacks: CONMED Stock Up Post Q4 EarningsQ4 results: CONMED reported a quarter with revenue up ~7.9% year-over-year and an adjusted EPS and gross-margin beat; management cited surgical/orthopedic strength and international growth as drivers.
Positive Sentiment: Analyst reaction: Wells Fargo raised its price target to $42 (equal weight), signaling some analyst support for the rebound potential.
Finally, Weiss Ratings restated a “sell (d+)” rating on shares of CONMED in a research report on Wednesday, January 21st.
CONMED Stock Down 6.4%The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 17.68, a P/E/G ratio of 1.78 and a beta of 0.96.