CochLear (OTCMKTS:CHEOY) Shares Gap Down – Should You Sell?

Shares of CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOYGet Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $86.32, but opened at $70.46. CochLear shares last traded at $70.43, with a volume of 740 shares.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada raised CochLear from a “hold” rating to a “moderate buy” rating in a research note 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 stock. According to data from MarketBeat, CochLear presently has a consensus rating of “Buy”.

Read Our Latest Report on CHEOY

CochLear Trading Up 1.4%

The firm’s 50-day simple moving average is $88.00 and its 200 day simple 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.

Further Reading

Receive News & Ratings for CochLear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CochLear and related companies with MarketBeat.com's FREE daily email newsletter.