CochLear (OTCMKTS:CHEOY) Sets New 12-Month Low – Should You Sell?

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOYGet Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $70.31 and last traded at $70.58, with a volume of 880 shares traded. The stock had previously closed at $86.32.

CochLear News Summary

Here are the key news stories impacting CochLear this week:

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada upgraded CochLear from a “hold” rating to a “moderate buy” rating in a research note on Monday, January 19th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, CochLear has a consensus rating of “Buy”.

Get Our Latest Stock Analysis on CochLear

CochLear Stock Down 18.6%

The company has a 50 day moving average of $89.52 and a 200 day moving average of $93.36.

About CochLear

(Get Free Report)

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.

Further Reading

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