CochLear (OTCMKTS:CHEOY) Shares Gap Up – Here’s What Happened

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOYGet Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $41.90, but opened at $44.36. CochLear shares last traded at $44.05, with a volume of 1,775 shares.

Analyst Ratings Changes

Several analysts have commented on the company. Zacks Research raised CochLear from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. UBS Group downgraded CochLear from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

View Our Latest Stock Report on CochLear

CochLear Stock Down 1.0%

The company has a fifty day moving average of $36.73 and a 200-day moving average of $61.35.

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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