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

Sonova Holding AG (OTCMKTS:SONVY) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $66.85 and traded as low as $64.21. Sonova shares last traded at $64.83, with a volume of 12,053 shares.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SONVY. Citigroup raised shares of Sonova to a “strong sell” rating in a report on Thursday, November 21st. Barclays downgraded shares of Sonova from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

Sonova Stock Performance

The company has a debt-to-equity ratio of 0.61, a current ratio of 1.21 and a quick ratio of 0.82. The firm has a 50 day moving average price of $66.85 and a 200 day moving average price of $69.13.

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.