Financial

Company Shares of CONMED Corporation (NASDAQ:CNMD) Drops by -0.77%

CONMED Corporation (NASDAQ:CNMD) has dropped 0.77% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 2.92% in the last 4 weeks. The shares have underperformed the S&P 500 by 0.84% during the past week but CONMED Corporation (NASDAQ:CNMD) has outperformed the index in 4 weeks by 3.29%.

CONMED Corporation has dropped 15.47% during the last 3-month period . Year-to-Date the stock performance stands at -4.09%.The company shares have dropped -3.46% from its 1 Year high price. On Jul 9, 2015, the shares registered one year high at $60.66 and the one year low was seen on Nov 13, 2015. The 50-Day Moving Average price is $42.33 and the 200 Day Moving Average price is recorded at $51.61.

During the last several months other analysts have commented on the company rating. In a research note released to the investors, Ladenburg Thalmann upgrades its rating on CONMED Corporation (NASDAQ:CNMD).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on October 12, 2015.

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