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

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOYGet Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $86.32, but opened at $70.46. CochLear shares last traded at $70.43, with a volume of 740 shares trading hands.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Report on CHEOY

CochLear Price Performance

The firm’s fifty day moving average price is $88.77 and its two-hundred day moving average price is $92.78.

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.

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