Sonova (OTCMKTS:SONVY) Stock Crosses Below 50-Day Moving Average – Here’s Why

Shares of Sonova Holding AG (OTCMKTS:SONVY) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $67.86 and traded as low as $65.02. Sonova shares last traded at $65.40, with a volume of 54,701 shares.

Analyst Ratings Changes

Several analysts have commented on SONVY shares. Citigroup upgraded shares of Sonova to a “strong sell” rating in a report on Thursday, November 21st. Barclays cut Sonova from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, The Goldman Sachs Group raised Sonova to a “strong sell” rating in a research note on Tuesday, October 22nd.

Sonova Trading Up 1.3 %

The company has a debt-to-equity ratio of 0.63, a current ratio of 1.45 and a quick ratio of 1.07. The business has a 50-day moving average price of $67.53 and a 200 day moving average price of $67.88.

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.