Cochlear (OTCMKTS:CHEOY) Sets New 52-Week Low – Here’s Why

Shares of Cochlear Limited (OTCMKTS:CHEOY) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $82.55 and last traded at $83.99, with a volume of 50056 shares. The stock had previously closed at $84.61.

Wall Street Analysts Forecast Growth

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

Cochlear Trading Down 0.7 %

The stock has a 50 day moving average price of $93.62 and a two-hundred day moving average price of $96.71.

Cochlear Increases Dividend

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

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.