Covalon Technologies (CVALF) Expected to Announce Quarterly Earnings

Covalon Technologies (OTCMKTS:CVALF - Get Free Report) is set to release its quarterly earnings report before the market opens on Friday, February 21. Analysts predict that the company will report a loss of ($0.03) per share, along with revenues totaling approximately $6.37 million for the quarter.

The last time Covalon Technologies disclosed its earnings was on Tuesday, January 7. During that announcement, the company reported a profit of $0.01 earnings per share (EPS) for that quarter, with a return on equity of 12.33% and a net margin of 8.58%.

Stock Performance of Covalon Technologies

On Monday, shares of Covalon Technologies opened at $2.11. The stock has shown some fluctuations, with a 50-day simple moving average of $2.25 and a 200-day simple moving average of $2.31. Over the past year, Covalon's stock has reached a low of $0.74 and a high of $3.08. At present, the company has a market capitalization of $57.81 million, a price-to-earnings ratio of 30.15, and a beta of -0.29, indicating lower volatility compared to the market.

About Covalon Technologies

Covalon Technologies Ltd. is involved in the research, development, manufacturing, and marketing of medical products focusing on infection management, advanced wound care, and surgical procedures across various regions, including the United States, Canada, the Middle East, Asia, and Latin America. The company's technological platforms include a collagen matrix that produces a range of products for treating chronic and infected wounds, such as diabetic ulcers and pressure ulcers. They also produce an antimicrobial silicone adhesive platform used in pre and post-surgical applications to reduce the risk of infections.

Future Considerations

Investors may want to consider the recent performance and upcoming earnings announcement when evaluating Covalon Technologies (CVALF). As the company continues to develop its medical products, market reactions to earnings reports could influence stock trends.

Covalon, Earnings, Stocks