CochLear (OTCMKTS:CHEOY) Hits New 52-Week Low – What’s Next?

Shares of CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) hit a new 52-week low during trading on Wednesday . The company traded as low as $67.3150 and last traded at $68.35, with a volume of 112016 shares traded. The stock had previously closed at $68.95.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada raised shares of CochLear from a “hold” rating to a “moderate buy” rating in a research note on Monday, January 19th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

CochLear Trading Down 0.9%

The business has a 50-day moving average of $86.55 and a 200-day moving average of $91.44.

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.