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

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) shares reached a new 52-week low on Thursday . The stock traded as low as $59.0250 and last traded at $59.0250, with a volume of 254 shares. The stock had previously closed at $61.40.

Analysts Set New Price Targets

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 given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

CochLear Stock Down 1.3%

The company’s fifty day moving average price is $79.48 and its 200 day moving average price is $87.70.

About CochLear

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.