CochLear (OTCMKTS:CHEOY) Sees Large Volume Increase – What’s Next?

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) saw unusually-strong trading volume on Tuesday . Approximately 74,552 shares traded hands during mid-day trading, an increase of 233% from the previous session’s volume of 22,376 shares.The stock last traded at $68.2310 and had previously closed at $68.95.

Wall Street Analysts Forecast Growth

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 assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

CochLear Stock Up 0.3%

The business’s 50 day moving average price is $85.94 and its 200-day moving average price is $91.14.

CochLear Company Profile

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.