CochLear (OTCMKTS:CHEOY) Shares Gap Down – What’s Next?
by Teresa Graham · The Cerbat GemCochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY – Get Free Report)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $59.77, but opened at $36.50. CochLear shares last traded at $36.00, with a volume of 6,916 shares.
Analysts Set New Price Targets
Several research firms have commented on CHEOY. Zacks Research upgraded CochLear to a “hold” rating in a research note on Friday, April 17th. Royal Bank Of Canada upgraded CochLear from a “hold” rating to a “moderate buy” rating in a research note on Monday, January 19th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, CochLear presently has a consensus rating of “Buy”.
View Our Latest Analysis on CHEOY
CochLear Price Performance
The business has a 50-day moving average price of $62.15 and a 200-day moving average price of $80.75.
CochLear Company Profile
Cochlear Limited provides implantable hearing solutions for children and adults worldwide. It offers cochlear implant systems, sound processor upgrades, bone conduction systems, accessories, and other products. Cochlear Limited was founded in 1981 and is headquartered in Sydney, Australia.