CooTek (Cayman) (CTK) Announces Earnings Results

CooTek (Cayman) (NYSE:CTK) announced its quarterly earnings data on Monday. The company reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.01, Fidelity Earnings reports. The business had revenue of $40.04 million for the quarter, compared to analyst estimates of $40.10 million. CooTek (Cayman) updated its Q2 2019 guidance to EPS.

Shares of CooTek (Cayman) stock traded down $1.45 during trading on Wednesday, hitting $8.20. 91,816 shares of the stock traded hands, compared to its average volume of 116,205. CooTek has a twelve month low of $5.40 and a twelve month high of $13.30.

A number of brokerages have commented on CTK. Zacks Investment Research lowered CooTek (Cayman) from a “hold” rating to a “sell” rating in a research report on Friday, April 19th. Credit Suisse Group lowered CooTek (Cayman) from an “outperform” rating to a “neutral” rating in a research report on Tuesday. Finally, KeyCorp set a $14.00 price objective on CooTek (Cayman) and gave the stock a “buy” rating in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. CooTek (Cayman) presently has an average rating of “Hold” and an average target price of $16.50.

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About CooTek (Cayman)

CooTek (Cayman) Inc operates as an AI and big data-driven mobile Internet company. Its primary product is TouchPal Smart Input, an input method for mobile devices that supports approximately 110 languages worldwide. The company was founded in 2008 and is based in Shanghai, the People's Republic of China.

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