Cogna Educação (OTCMKTS:COGNY) Shares Down 3.9% – Time to Sell?

Cogna Educação S.A. (OTCMKTS:COGNY)’s stock price was down 3.9% during mid-day trading on Wednesday . The company traded as low as $0.4021 and last traded at $0.4021. Approximately 359 shares changed hands during trading, a decline of 97% from the average daily volume of 13,793 shares. The stock had previously closed at $0.4186.

Analysts Set New Price Targets

Several equities research analysts recently commented on COGNY shares. Zacks Research upgraded Cogna Educação to a “hold” rating in a report on Monday, April 27th. Jefferies Financial Group upgraded shares of Cogna Educação to a “strong-buy” rating in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Cogna Educação has a consensus rating of “Buy”.

Cogna Educação Trading Down 3.9%

The business has a 50-day moving average of $0.56 and a 200 day moving average of $0.62.

Cogna Educação Company Profile

Cogna Educação SA (OTCMKTS:COGNY) is one of Brazil’s leading private education companies, offering a broad spectrum of academic services across K-12, higher education and vocational training. Through a network of brick-and-mortar campuses and an extensive distance-learning platform, Cogna delivers undergraduate and postgraduate degree programs, technical certificates and preparatory courses to students nationwide.

Founded in 1966 with its first campus in Belo Horizonte, the group expanded rapidly by combining organic growth with strategic acquisitions.