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

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOYGet Free Report)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $64.95, but opened at $61.45. CochLear shares last traded at $62.82, with a volume of 1,276 shares.

Analysts Set New Price Targets

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

View Our Latest Stock Report on CHEOY

CochLear Stock Performance

The business has a 50 day moving average of $81.10 and a 200 day moving average of $88.49.

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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