CooTek (Cayman) (NYSE:CTK) Cut to Sell at Zacks Investment Research

Zacks Investment Research cut shares of CooTek (Cayman) (NYSE:CTK) from a hold rating to a sell rating in a report published on Monday morning, Zacks.com reports.

According to Zacks, “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. CooTek (Cayman) Inc. is based in Shanghai, the People’s Republic of China. “

Other analysts also recently issued research reports about the company. Citigroup upgraded Neste Oyj from a neutral rating to a buy rating in a research note on Monday, June 10th. Credit Suisse Group restated an outperform rating and issued a GBX 3,175 ($41.49) target price on shares of in a research note on Tuesday, June 4th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of $16.50.



CooTek (Cayman) stock traded down $0.56 during trading hours on Monday, hitting $8.64. 60,700 shares of the stock traded hands, compared to its average volume of 104,232. The firm’s 50 day moving average price is $9.28. CooTek has a 1 year low of $5.40 and a 1 year high of $13.30.

CooTek (Cayman) (NYSE:CTK) last issued its earnings results on Monday, June 3rd. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $40.04 million during the quarter, compared to analysts’ expectations of $40.10 million. Analysts expect that CooTek will post 0.26 EPS for the current fiscal year.

A hedge fund recently bought a new stake in CooTek (Cayman) stock. Bank of America Corp DE acquired a new position in CooTek (Cayman) Inc. (NYSE:CTK) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 21,459 shares of the company’s stock, valued at approximately $179,000. 1.69% of the stock is currently owned by hedge funds and other institutional investors.

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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