Zacks Investment Research downgraded 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. “

CTK has been the topic of a number of other reports. Citigroup raised shares of Neste Oyj from a neutral rating to a buy rating in a research note on Monday, June 10th. Credit Suisse Group reissued an outperform rating and issued a GBX 3,175 ($41.49) price target 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 given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $16.50.

CooTek (Cayman) stock opened at $8.64 on Monday. The company has a 50 day moving average of $9.27. CooTek has a 1 year low of $5.40 and a 1 year high of $13.30.

CooTek (Cayman) (NYSE:CTK) last released its quarterly earnings results on Monday, June 3rd. The company reported $0.02 earnings per share (EPS) for the quarter, beating 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. As a group, sell-side analysts anticipate that CooTek will post 0.26 earnings per share for the current fiscal year.

An institutional investor recently bought a new position in CooTek (Cayman) stock. BlackRock Inc. bought a new position in shares of CooTek (Cayman) Inc. (NYSE:CTK) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 7,334 shares of the company’s stock, valued at approximately $61,000. 1.69% of the stock is currently owned by institutional investors.

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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