Sonova (OTCMKTS:SONVY) Reaches New 52-Week Low – Here’s What Happened

Shares of Sonova Holding (OTCMKTS:SONVY) hit a new 52-week low during trading on Monday . The company traded as low as $52.01 and last traded at $52.10, with a volume of 7593 shares. The stock had previously closed at $52.73.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SONVY shares. Rothschild Redb raised shares of Sonova from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Zacks Research lowered shares of Sonova from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. Sanford C. Bernstein raised Sonova from a “hold” rating to a “strong-buy” rating in a report on Friday, July 18th. Finally, BNP Paribas initiated coverage on Sonova in a research note on Monday, October 20th. They issued an “underperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce”.

Sonova Price Performance

The company has a current ratio of 1.27, a quick ratio of 0.96 and a debt-to-equity ratio of 0.45. The company has a fifty day simple moving average of $56.58 and a 200-day simple moving average of $58.73.

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.