Coloplast A/S (OTCMKTS:CLPBY) Sees Large Volume Increase – Should You Buy?

Shares of Coloplast A/S Sponsored ADR (OTCMKTS:CLPBY) saw unusually-strong trading volume on Tuesday. Approximately 2,556,335 shares changed hands during 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 Coloplast A/S from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Coloplast A/S Trading Up 1.0%

The stock has a market capitalization of $16.65 billion, a P/E ratio of 35.19, a PEG ratio of 3.56 and a beta of 0.10. The stock’s fifty day moving average price is $6.87 and its 200 day moving average price is $6.77. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.56 and a quick ratio of 0.94.

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 analysts’ consensus estimates of $0.09. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. Coloplast A/S had a net margin of 10.57% and a return on equity of 42.25%. Research analysts forecast that Coloplast A/S Sponsored ADR will post 0.37 earnings per share for the current 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.