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1 Comment
Covalon Technologies Ltd is currently in a long term uptrend where the price is trading 12.2% above its 200 day moving average.
From a valuation standpoint, the stock is 99.8% cheaper than other stocks from the Healthcare sector with a price to sales ratio of 1.6.
Covalon Technologies Ltd's total revenue sank by 24.7% to $6M since the same quarter in the previous year.
Its net income has increased by 68.3% to $-372K since the same quarter in the previous year.
Finally, its free cash flow grew by 94.8% to $-246K since the same quarter in the previous year.
Based on the above factors, Covalon Technologies Ltd gets an overall score of 4/5.
Exchange | V |
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CurrencyCode | CAD |
ISIN | CA22282D3022 |
Sector | Healthcare |
Industry | Biotechnology |
PE Ratio | 12.75 |
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Market Cap | 63M |
Target Price | 4.4 |
Beta | 0.45 |
Dividend Yield | None |
Covalon Technologies Ltd. engages in the research, development, manufacturing, and marketing of medical products in infection management, advanced wound care, and surgical procedure areas in the United States, Canada, the Middle East, Asia, Latin America, and internationally. The company's platform technologies comprise collagen matrix platform that is used to manufacture a family of products to treat chronic and infected wounds, including diabetic ulcers, pressure ulcers, venous ulcers, donor and graft sites, traumatic wounds healing by secondary intention, dehisced surgical wounds, and first and second degree burns; and antimicrobial silicone adhesive platform, which is used for family of pre and post-surgical, and vascular access products that are designed to kill bacteria or yeast that comes into contact with the antimicrobial silicone. It also offers medical coating platform, a process that utilizes photo-polymerization to create active grafting sites where new polymer chains are initiated and propagated from the surface of an existing medical device. In addition, the company provides wound care dressings; surgical and peri-operative; and infection management products. It offers its products under the ColActive PLUS, CovaClear, CovaView, CovaWound, IV Clear, SurgiClear, and VALGuard brand names. The company serves hospitals, wound care centers, burn centers, extended/alternate care and acute care facilities, home health care agencies, and physicians' offices. Covalon Technologies Ltd. was incorporated in 2004 and is headquartered in Mississauga, Canada.
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