CochLear (OTCMKTS:CHEOY) Shares Gap Down – What’s Next?

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOYGet Free Report)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $36.24, but opened at $33.91. CochLear shares last traded at $33.94, with a volume of 1,330 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CHEOY shares. Zacks Research raised CochLear to a “hold” rating in a report on Friday, April 17th. UBS Group downgraded CochLear from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Get Our Latest Report on CochLear

CochLear Price Performance

The firm has a 50-day simple moving average of $45.05 and a 200-day simple moving average of $69.08.

CochLear Company Profile

(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.

Featured Stories

Receive News & Ratings for CochLear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CochLear and related companies with MarketBeat.com's FREE daily email newsletter.