CochLear (OTCMKTS:CHEOY) Hits New 1-Year Low – Should You Sell?

Shares of 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 trading hands. The stock had previously closed at $70.77.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Analysis on CHEOY

CochLear Trading Down 2.1%

The business’s 50 day moving average is $88.00 and its 200 day moving average is $92.40.

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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