Cochlear (OTCMKTS:CHEOY) Sets New 12-Month Low – Time to Sell?

Cochlear Limited (OTCMKTS:CHEOY)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $82.55 and last traded at $83.99, with a volume of 50056 shares changing hands. The stock had previously closed at $84.61.

Analyst Ratings Changes

Separately, The Goldman Sachs Group initiated coverage on Cochlear in a research report on Thursday, January 16th. They set a “neutral” rating for the company.

Cochlear Stock Down 0.7 %

The business’s 50 day moving average is $93.62 and its 200 day moving average is $96.71.

Cochlear Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, March 21st will be paid a $0.6165 dividend. The ex-dividend date of this dividend is Friday, March 21st. This is a positive change from Cochlear’s previous dividend of $0.14.

About Cochlear

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.