CooTek (Cayman) (NYSE:CTK) Upgraded to “Hold” by Zacks Investment Research

Share on StockTwits

Zacks Investment Research upgraded shares of CooTek (Cayman) (NYSE:CTK) from a sell rating to a hold rating in a research report released on Tuesday, 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. “

A number of other equities research analysts also recently commented on CTK. KeyCorp reduced their target price on CooTek (Cayman) from $13.00 to $8.00 and set an overweight rating for the company in a report on Wednesday, August 21st. ValuEngine raised CooTek (Cayman) from a hold rating to a buy rating in a report on Wednesday, October 2nd. Finally, Bank of America set a $6.60 target price on CooTek (Cayman) and gave the company an underperform rating in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $7.30.

CooTek (Cayman) stock opened at $5.40 on Tuesday. CooTek has a one year low of $4.83 and a one year high of $13.30. The business has a fifty day moving average of $5.25 and a two-hundred day moving average of $8.11.

CooTek (Cayman) (NYSE:CTK) last released its earnings results on Tuesday, August 20th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.21). CooTek (Cayman) had a negative net margin of 4.38% and a negative return on equity of 25.00%. The business had revenue of $37.59 million during the quarter, compared to analyst estimates of $47.70 million. On average, analysts predict that CooTek will post -0.68 earnings per share for the current year.

A hedge fund recently bought a new stake in CooTek (Cayman) stock. Susquehanna International Group LLP bought a new stake in CooTek (Cayman) Inc. (NYSE:CTK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 200,000 shares of the company’s stock, valued at approximately $1,917,000. Susquehanna International Group LLP owned 0.31% of CooTek (Cayman) as of its most recent filing with the Securities & Exchange Commission. 0.99% of the stock is owned by institutional investors.

About CooTek (Cayman)

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.

See Also: The basics of gap trading strategies

Get a free copy of the Zacks research report on CooTek (Cayman) (CTK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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



Latest News

Rotork  Earns Hold Rating from Deutsche Bank
Rotork Earns Hold Rating from Deutsche Bank
Masimo Co.  Director Sanford Fitch Sells 6,500 Shares
Masimo Co. Director Sanford Fitch Sells 6,500 Shares
Peel Hunt Reiterates “Hold” Rating for Hikma Pharmaceuticals
Peel Hunt Reiterates “Hold” Rating for Hikma Pharmaceuticals
AMETEK, Inc.  Insider Sells $1,329,329.80 in Stock
AMETEK, Inc. Insider Sells $1,329,329.80 in Stock
Edwards Lifesciences Corp  VP Sells $1,091,959.50 in Stock
Edwards Lifesciences Corp VP Sells $1,091,959.50 in Stock
WhiteHorse Finance  Upgraded to Hold by ValuEngine
WhiteHorse Finance Upgraded to Hold by ValuEngine


© 2006-2019 Ticker Report