Carl Zeiss Meditec (OTCMKTS:CZMWY) Stock Price Down 7% – Here’s What Happened

by · The Markets Daily

Carl Zeiss Meditec AG (OTCMKTS:CZMWY – Get Free Report)’s stock price fell 7% on Thursday . The company traded as low as $45.96 and last traded at $47.10. 3,519 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 3,816 shares. The stock had previously closed at $50.67.

Analysts Set New Price Targets

Separately, Barclays began coverage on shares of Carl Zeiss Meditec in a research note on Tuesday, September 9th. They issued an “overweight” rating for the company. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

View Our Latest Stock Report on CZMWY

Carl Zeiss Meditec Stock Up 0.8%

The business has a 50 day moving average price of $51.05 and a 200 day moving average price of $55.29.

Carl Zeiss Meditec Company Profile

(Get Free Report)

Carl Zeiss Meditec AG operates as a medical technology company in Germany, rest of Europe, North America, and Asia. It operates in two segments, Ophthalmology and Microsurgery. The Ophthalmology segment offers products and solutions for the diagnosis and treatment of chronic eye diseases, such as ametropia (refraction), cataracts, glaucoma, and renital disorders.

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