Sonova (OTCMKTS:SONVY) Sets New 12-Month Low – Should You Sell?

Sonova Holding (OTCMKTS:SONVY)’s share price hit a new 52-week low on Monday . The stock traded as low as $50.1040 and last traded at $50.3140, with a volume of 8411 shares. The stock had previously closed at $50.70.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SONVY. Zacks Research lowered shares of Sonova from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 22nd. BNP Paribas initiated coverage on Sonova in a research report on Monday, October 20th. They set an “underperform” rating on the stock. Finally, Rothschild Redb upgraded Sonova from a “strong sell” rating to a “hold” rating in a research 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

Sonova Trading Up 0.8%

The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.96 and a current ratio of 1.27. The company’s 50 day moving average price is $56.07 and its 200 day moving average price is $58.47.

About Sonova

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.