Conmed Corp. – Ordinary Shares (NYSE:CNMD) traded at a new 52-week high today of $133.32. So far today approximately 121,000 shares have been exchanged, as compared to an average 30-day volume of 247,000 shares.
Conmed Corp is a Utica, New York-based medical equipment company that focuses on sports medicine procedures and general surgery. The firm currently reports through two reporting units, orthopedic surgery (52% of 2018 sales) and general surgery (48%). From a geographic perspective the firm is U.S. centric, with domestic sales accounting for 52% of revenue, EMEA accounting for 19%, APAC at 17%, and the non-U.S. Americas region driving the remaining 12%.
Conmed Corp. – Ordinary Shares (NYSE:CNMD) defies analysts with a current price ($132.51) 3.6% above its average consensus price target of $127.74.
In the past 52 weeks, Conmed Corp. – Ordinary Shares share prices are bracketed by a low of $49.54 and a high of $133.32 and is now at $132.51, 167% above that low price.
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