CooTek (Cayman) (NYSE:CTK) Announces Earnings Results

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CooTek (Cayman) (NYSE:CTK) posted its quarterly earnings data on Monday. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.03, Fidelity Earnings reports. The company had revenue of $31.27 million for the quarter, compared to analyst estimates of $30.10 million. CooTek (Cayman) had a negative return on equity of 25.00% and a negative net margin of 4.38%.

NYSE:CTK opened at $5.87 on Thursday. CooTek has a 1 year low of $4.71 and a 1 year high of $13.30. The stock has a 50-day moving average price of $5.31 and a two-hundred day moving average price of $7.29.

A number of equities analysts have commented on CTK shares. ValuEngine lowered CooTek (Cayman) from a “buy” rating to a “hold” rating in a research note on Tuesday. Bank of America set a $6.60 target price on CooTek (Cayman) and gave the stock an “underperform” rating in a research report on Wednesday, August 21st. KeyCorp boosted their target price on CooTek (Cayman) from $8.00 to $9.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Zacks Investment Research upgraded CooTek (Cayman) from a “sell” rating to a “hold” rating in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $7.80.

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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Earnings History for CooTek (Cayman) (NYSE:CTK)

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