Sonova (OTCMKTS:SONVY) Sees Unusually-High Trading Volume – Still a Buy?

Sonova Holding (OTCMKTS:SONVY) shares saw unusually-high trading volume on Friday. 53,955 shares were traded during trading, an increase of 84% from the previous session’s volume of 29,400 shares. The stock last traded at $63.61 and had previously closed at $61.8070.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SONVY shares. The Goldman Sachs Group upgraded Sonova from a “hold” rating to a “buy” rating in a research report on Thursday. Morgan Stanley upgraded Sonova from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, June 23rd. Citigroup restated a “sell” rating on shares of Sonova in a research report on Friday, July 24th. Finally, UBS Group upgraded shares of Sonova from a “hold” rating to a “buy” rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Sonova Price Performance

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.75 and a quick ratio of 1.43. The firm has a 50-day simple moving average of $58.45 and a two-hundred day simple moving average of $51.99.

About Sonova

Sonova Holding AG is a Switzerland-based hearing-care company that develops, manufactures and distributes solutions for people with hearing loss. Its products and services include hearing aids, cochlear implants, wireless communication systems and related accessories, as well as professional hearing-care services.

The company’s portfolio includes well-known brands such as Phonak, Unitron and Advanced Bionics. Sonova also operates hearing-care retail businesses in several markets, serving customers through audiology clinics, specialist retailers and other distribution channels.

Founded in 1947 and headquartered in Stäfa, Switzerland, Sonova serves customers through operations and sales networks across Europe, North America, Asia-Pacific and other international markets.