CooTek (Cayman) (NYSE:CTK) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of CooTek (Cayman) (NYSE:CTK) from a buy rating to a hold rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “CooTek (Cayman) Inc. operates as an AI and big data-driven mobile Internet company. Its primary product is TouchPal Smart Input, an input method for mobile devices. CooTek (Cayman) Inc. is based in Shanghai, the People’s Republic of China. “

Separately, ValuEngine raised CooTek (Cayman) from a buy rating to a strong-buy rating in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $6.87.

Shares of NYSE CTK traded down $0.03 during trading on Wednesday, hitting $6.15. The company had a trading volume of 15,500 shares, compared to its average volume of 62,042. The stock has a 50 day simple moving average of $5.26 and a 200 day simple moving average of $5.60. CooTek has a 12 month low of $4.55 and a 12 month high of $12.30. The firm has a market capitalization of $393.09 million, a P/E ratio of -615.00 and a beta of 1.34.

CooTek (Cayman) (NYSE:CTK) last posted its quarterly earnings data on Monday, November 18th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.03. CooTek (Cayman) had a negative return on equity of 37.28% and a negative net margin of 16.75%. The firm had revenue of $31.27 million for the quarter, compared to the consensus estimate of $30.10 million. Equities analysts anticipate that CooTek will post -0.67 EPS for the current fiscal year.

CooTek (Cayman) Company Profile

CooTek (Cayman) Inc operates as an AI and big data-driven mobile Internet company. Its primary product is TouchPal Smart Input, an input method for mobile devices that supports approximately 110 languages worldwide. The company was founded in 2008 and is based in Shanghai, the People's Republic of China.

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