CooTek (Cayman) (NYSE:CTK) Releases Earnings Results

CooTek (Cayman) (NYSE:CTK) issued its earnings results on Tuesday. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.21), Fidelity Earnings reports. The business had revenue of $37.59 million during the quarter, compared to analyst estimates of $47.70 million.

CooTek (Cayman) stock traded up $0.20 during midday trading on Thursday, reaching $6.69. 30 shares of the stock traded hands, compared to its average volume of 22,496. The company has a 50-day simple moving average of $8.08 and a two-hundred day simple moving average of $9.64. CooTek has a 12-month low of $5.40 and a 12-month high of $13.30.

A number of analysts recently issued reports on the company. Zacks Investment Research raised CooTek (Cayman) from a “sell” rating to a “hold” rating in a research report on Monday. Bank of America cut their price objective on CooTek (Cayman) from $7.20 to $6.60 and set an “underperform” rating for the company in a research report on Wednesday. Credit Suisse Group downgraded CooTek (Cayman) from an “outperform” rating to a “neutral” rating in a research report on Tuesday, June 4th. Citigroup downgraded CooTek (Cayman) from a “neutral” rating to a “sell” rating in a research report on Monday, June 10th. Finally, KeyCorp cut their price objective on CooTek (Cayman) from $13.00 to $8.00 and set an “overweight” rating for the company in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $7.30.

CooTek (Cayman) Company Profile

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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