Sonova (OTCMKTS:SONVY) Shares Gap Up – Here’s What Happened

Sonova Holding (OTCMKTS:SONVY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $52.51, but opened at $55.09. Sonova shares last traded at $54.9310, with a volume of 416 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SONVY shares. Zacks Research downgraded Sonova from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 22nd. BNP Paribas started coverage on shares of Sonova in a research report on Monday, October 20th. They issued an “underperform” rating for the company. Sanford C. Bernstein upgraded shares of Sonova from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 18th. Finally, Rothschild Redb upgraded shares of 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 given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Sonova Stock Performance

The business’s 50-day moving average is $56.40 and its two-hundred day moving average is $58.63. The company has a current ratio of 1.27, a quick ratio of 0.96 and a debt-to-equity ratio of 0.45.

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.