Coloplast A/S (OTCMKTS:CLPBY) Shares Up 15.2% – What’s Next?

Coloplast A/S Sponsored ADR (OTCMKTS:CLPBY)’s share price was up 15.2% during mid-day trading on Wednesday. The company traded as high as $7.84 and last traded at $7.7750. 42,445 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 429,517 shares. The stock had previously closed at $6.75.

Coloplast A/S Stock Up 7.5%

The firm’s fifty day moving average price is $6.82 and its 200-day moving average price is $6.80. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.56 and a quick ratio of 0.94. The firm has a market capitalization of $17.87 billion, a P/E ratio of 41.74, a PEG ratio of 2.40 and a beta of 0.10.

Coloplast A/S (OTCMKTS:CLPBY) last released its earnings results on Tuesday, November 3rd. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. Coloplast A/S had a return on equity of 39.27% and a net margin of 9.68%. As a group, equities research analysts forecast that Coloplast A/S Sponsored ADR will post 0.40 earnings per share for the current year.

About Coloplast A/S

Coloplast A/S is a Denmark-based medical technology company that develops, manufactures and markets products designed to help people manage intimate health conditions. Its core businesses include ostomy care, continence care, wound and skin care, and interventional urology. The company’s products are used by patients and healthcare professionals in hospitals, clinics and home-care settings.

Coloplast was founded in Denmark in 1957 after nurse Elise Sørensen helped develop an adhesive ostomy bag for her sister, who had undergone surgery.