Sonova (OTCMKTS:SONVY) Shares Down 5.7% – What’s Next?

Sonova Holding (OTCMKTS:SONVY) fell 5.7% during mid-day trading on Friday . The stock traded as low as $50.96 and last traded at $51.22. 2,227 shares changed 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

A number of equities research analysts have recently issued reports on SONVY shares. BNP Paribas began coverage on Sonova in a research note on Monday, October 20th. They issued an “underperform” rating for the company. Rothschild Redb raised shares of Sonova from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Zacks Research cut shares of Sonova from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Sonova Stock Performance

The company has a quick ratio of 0.96, a current ratio of 1.27 and a debt-to-equity ratio of 0.45. The firm’s fifty day moving average is $56.07 and its 200-day moving average is $58.49.

Sonova Company Profile

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.