CochLear (OTCMKTS:CHEOY) Reaches New 1-Year Low – What’s Next?

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $34.80 and last traded at $36.44, with a volume of 117462 shares traded. The stock had previously closed at $59.77.

Analysts Set New Price Targets

CHEOY has been the subject of a number of research reports. Royal Bank Of Canada upgraded CochLear from a “hold” rating to a “moderate buy” rating in a report on Monday, January 19th. Zacks Research upgraded CochLear to a “hold” rating in a report on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, CochLear currently has a consensus rating of “Buy”.

CochLear Trading Down 39.0%

The stock has a fifty day moving average of $63.20 and a 200-day moving average of $81.08.

About CochLear

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.