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

CooTek (Cayman) (NYSE:CTK) posted its quarterly earnings data on Monday. The company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.03, Fidelity Earnings reports. CooTek (Cayman) had a negative net margin of 4.38% and a negative return on equity of 25.00%.

NYSE CTK opened at $6.02 on Tuesday. The company has a 50 day simple moving average of $5.27 and a 200-day simple moving average of $7.34. CooTek has a 52-week low of $4.71 and a 52-week high of $13.30.

CTK has been the subject of a number of analyst reports. Bank of America set a $6.60 price objective on shares of CooTek (Cayman) and gave the company an “underperform” rating in a research note on Wednesday, August 21st. KeyCorp reduced their price objective on shares of CooTek (Cayman) from $13.00 to $8.00 and set an “overweight” rating for the company in a research note on Wednesday, August 21st. ValuEngine lowered shares of CooTek (Cayman) from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Zacks Investment Research raised shares of CooTek (Cayman) from a “sell” rating to a “hold” rating in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $7.30.

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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Earnings History for CooTek (Cayman) (NYSE:CTK)

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