CooTek (Cayman) (CTK) Releases 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 firm had revenue of $40.04 million during the quarter, compared to the consensus estimate of $40.10 million. CooTek (Cayman) updated its Q2 2019 guidance to EPS.

Shares of CooTek (Cayman) stock traded down $1.45 during midday trading on Wednesday, hitting $8.20. 1,499 shares of the company were exchanged, compared to its average volume of 76,877. CooTek has a 52 week low of $5.40 and a 52 week high of $13.30.

A number of analysts have commented on CTK shares. 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. Zacks Investment Research upgraded CooTek (Cayman) from a “sell” rating to a “hold” rating in a research report on Monday, May 20th. Citigroup downgraded CooTek (Cayman) from a “buy” rating to a “neutral” rating in a research report on Friday, March 8th. Finally, Credit Suisse Group downgraded CooTek (Cayman) from an “outperform” rating to a “neutral” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $16.50.

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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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