CochLear (OTCMKTS:CHEOY) Sets New 1-Year Low – Time to Sell?

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOYGet Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $67.3150 and last traded at $68.35, with a volume of 112016 shares. 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 assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Check Out Our Latest Report on CochLear

CochLear Stock Performance

The stock has a 50 day simple moving average of $86.55 and a two-hundred day simple moving average of $91.44.

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.

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