Sonova (OTCMKTS:SONVY) Stock Price Down 5.7% – Here’s What Happened

by · The Cerbat Gem

Sonova Holding (OTCMKTS:SONVY – Get Free Report)’s stock price traded down 5.7% on Friday . The company traded as low as $50.96 and last traded at $51.22. 2,227 shares traded hands during trading, a decline of 92% from the average session volume of 26,732 shares. The stock had previously closed at $54.34.

Analyst Ratings Changes

Several brokerages have issued reports on SONVY. Zacks Research cut shares of Sonova from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 22nd. BNP Paribas assumed coverage on shares of Sonova in a report on Monday, October 20th. They issued an “underperform” rating for the company. Sanford C. Bernstein upgraded Sonova from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 18th. Finally, Rothschild Redb raised Sonova from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

View Our Latest Report on Sonova

Sonova Stock Performance

The company has a debt-to-equity ratio of 0.45, a current ratio of 1.27 and a quick ratio of 0.96. The company’s fifty day moving average is $56.25 and its 200-day moving average is $58.58.

About Sonova

(Get Free Report)

Sonova Holding AG manufactures and sells hearing care solutions for adults and children in the United States, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Hearing Instruments and Cochlear Implants segments. The Hearing Instruments segments engages in the design, development, manufacture, distribution, and service of hearing instruments and related products, as well as wireless headsets, speech-enhanced hearables, and audiophile headphones under the Phonak, Unitron, Hansaton, and Sennheiser brand names; and audiological care services under the AudioNova, Audium, Audition Santé, Boots Hearingcare, Connect Hearing, Geers, Hansaton, Lapperre, Schoonenberg, and Triton Hearing brands.

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