CochLear (OTCMKTS:CHEOY) Shares Gap Up – Time to Buy?

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOYGet Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $36.73, but opened at $39.20. CochLear shares last traded at $39.20, with a volume of 455 shares traded.

Analyst Upgrades and Downgrades

CHEOY has been the topic of several research analyst reports. Zacks Research cut CochLear from a “hold” rating to a “strong sell” rating in a research note on Monday. UBS Group cut shares of CochLear from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Get Our Latest Report on CHEOY

CochLear Price Performance

The stock has a 50 day moving average price of $40.60 and a 200 day moving average price of $65.42.

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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