Sonova (OTCMKTS:SONVY) Sees Strong Trading Volume – What’s Next?

Sonova Holding (OTCMKTS:SONVY) shares saw unusually-strong trading volume on Tuesday . Approximately 392,477 shares changed hands during trading, an increase of 1,097% from the previous session’s volume of 32,783 shares.The stock last traded at $48.45 and had previously closed at $49.65.

Analyst Upgrades and Downgrades

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

Sonova Stock Down 1.8%

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 company has a 50 day moving average of $55.85 and a 200-day moving average of $58.39.

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.