CochLear (OTCMKTS:CHEOY) Reaches New 12-Month Low – Should You Sell?

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOYGet Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $69.21 and last traded at $69.28, with a volume of 86983 shares changing hands. The stock had previously closed at $70.77.

Analyst Ratings Changes

Separately, Royal Bank Of Canada raised shares of CochLear from a “hold” rating to a “moderate buy” rating in a research report on Monday, January 19th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, CochLear presently has an average rating of “Buy”.

View Our Latest Analysis on CHEOY

CochLear Stock Performance

The firm has a 50-day moving average price of $87.29 and a 200-day moving average price of $92.03.

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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