Covalon Technologies (OTCMKTS:CVALF) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Covalon Technologies (OTCMKTS:CVALF) posted its quarterly earnings results on Friday. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.06, Zacks reports. Covalon Technologies had a return on equity of 12.33% and a net margin of 8.58%.

Covalon Technologies Stock Down 14.2 %

Covalon Technologies stock opened at $1.93 on Friday. The stock has a market cap of $52.88 million, a PE ratio of 27.58 and a beta of -0.29. Covalon Technologies has a 12-month low of $0.74 and a 12-month high of $3.08. The business’s 50-day moving average price is $2.22 and its two-hundred day moving average price is $2.32.

Covalon Technologies Company Profile

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 providing broad-spectrum antimicrobial activity.