Cogna Educação (OTCMKTS:COGNY) Shares Up 7.3% – Here’s Why

Cogna Educação S.A. (OTCMKTS:COGNY)’s share price shot up 7.3% during mid-day trading on Thursday . The stock traded as high as $0.44 and last traded at $0.44. 10,159 shares traded hands during trading, a decline of 14% from the average session volume of 11,858 shares. The stock had previously closed at $0.41.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Cogna Educação to a “hold” rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Cogna Educação Price Performance

The stock has a fifty day moving average price of $0.45 and a 200-day moving average price of $0.57.

Cogna Educação Company Profile

Cogna Educação SA (OTCMKTS:COGNY) is one of Brazil’s leading private education companies, offering a broad spectrum of academic services across K-12, higher education and vocational training. Through a network of brick-and-mortar campuses and an extensive distance-learning platform, Cogna delivers undergraduate and postgraduate degree programs, technical certificates and preparatory courses to students nationwide.

Founded in 1966 with its first campus in Belo Horizonte, the group expanded rapidly by combining organic growth with strategic acquisitions.