CochLear (OTCMKTS:CHEOY) Sees Strong Trading Volume – Still a Buy?

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOYGet Free Report) shares saw strong trading volume on Wednesday . Approximately 54,196 shares traded hands during trading, an increase of 241% from the previous session’s volume of 15,879 shares.The stock last traded at $69.6650 and had previously closed at $70.77.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada upgraded shares of CochLear from a “hold” rating to a “moderate buy” rating in a research note on Monday, January 19th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Check Out Our Latest Analysis on CHEOY

CochLear Stock Performance

The company’s 50-day moving average price is $88.39 and its two-hundred day moving average price is $92.57.

About CochLear

(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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