CooTek (Cayman) (CTK) Rating Increased to Hold at Zacks Investment Research

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CooTek (Cayman) (NYSE:CTK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday, Zacks.com reports.

According to Zacks, “CooTek (Cayman) Inc. operates as an AI and big data-driven mobile Internet company. Its primary product is TouchPal Smart Input, an input method for mobile devices. CooTek (Cayman) Inc. is based in Shanghai, the People’s Republic of China. “

Other equities analysts have also issued reports about the stock. Citigroup lowered shares of CooTek (Cayman) from a “buy” rating to a “neutral” rating in a research report on Friday, March 8th. KeyCorp set a $14.00 target price on shares of CooTek (Cayman) and gave the stock a “buy” rating in a research report on Thursday, March 7th.

CTK stock opened at $9.14 on Monday. CooTek has a twelve month low of $5.40 and a twelve month high of $13.30.

CooTek (Cayman) (NYSE:CTK) last announced its earnings results on Wednesday, March 6th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. The business had revenue of $47.05 million for the quarter, compared to analysts’ expectations of $46.10 million. On average, equities research analysts expect that CooTek will post 0.37 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Group Inc. purchased a new position in shares of CooTek (Cayman) during the first quarter worth approximately $73,000. BlackRock Inc. purchased a new position in shares of CooTek (Cayman) during the fourth quarter worth approximately $61,000. Bank of America Corp DE purchased a new position in shares of CooTek (Cayman) during the fourth quarter worth approximately $179,000. Finally, Morgan Stanley purchased a new position in shares of CooTek (Cayman) during the third quarter worth approximately $2,549,000. Institutional investors and hedge funds own 1.73% of the company’s stock.

CooTek (Cayman) Company Profile

CooTek (Cayman) Inc operates as an AI and big data-driven mobile Internet company. Its primary product is TouchPal Smart Input, an input method for mobile devices that supports approximately 110 languages worldwide. The company was founded in 2008 and is based in Shanghai, the People's Republic of China.

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