Conmed Corp. - Ordinary Shares (NYSE:CNMD) traded at a new 52-week high today of $140.18. This new high was reached on below average trading volume as 103,000 shares traded hands, while the average 30-day volume is approximately 290,000 shares.
Based on a current price of $139.80, Conmed Corp. - Ordinary Shares is currently 3.9% above its average consensus analyst price target of $134.37.
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%.
In the past 52 weeks, Conmed Corp. - Ordinary Shares share prices are bracketed by a low of $60.65 and a high of $140.18 and is now at $139.80, 131% above that low price.
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