Sonova Holding (OTCMKTS:SONVY – Get Free Report) shares saw unusually-strong trading volume on Thursday. Approximately 162,234 shares traded hands during mid-day trading, an increase of 454% from the previous session’s volume of 29,299 shares. The stock last traded at $65.76 and had previously closed at $64.64.
Wall Street Analyst Weigh In
SONVY has been the topic of several recent research reports. The Goldman Sachs Group upgraded Sonova from a “hold” rating to a “buy” rating in a research report on Thursday, October 8th. Morgan Stanley upgraded Sonova from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, June 23rd. UBS Group upgraded shares of Sonova from a “hold” rating to a “buy” rating in a report on Wednesday, July 22nd. Finally, Citigroup reaffirmed a “sell” rating on shares of Sonova in a research note on Friday, July 24th. 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 given a Sell rating to the stock. According to MarketBeat, Sonova currently has an average rating of “Moderate Buy”.
View Our Latest Research Report on SONVY
Sonova Stock Up 0.6%
The stock has a 50-day moving average price of $59.41 and a 200 day moving average price of $52.84. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.75 and a quick ratio of 1.43.
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.
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