Sonova (OTCMKTS:SONVY) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Shares of Sonova Holding (OTCMKTS:SONVY) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $46.75 and traded as high as $47.08. Sonova shares last traded at $46.09, with a volume of 52,866 shares trading hands.

Analyst Ratings Changes

SONVY has been the subject of several recent analyst reports. Zacks Research upgraded Sonova from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. BNP Paribas Exane upgraded Sonova from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. Finally, Jefferies Financial Group lowered Sonova from a “hold” rating to a “moderate sell” rating in a research note on Wednesday, March 18th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Sonova Price Performance

The firm has a 50 day simple moving average of $46.75 and a 200-day simple moving average of $50.55. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.91 and a current ratio of 1.24.

About Sonova

Sonova AG (OTCMKTS:SONVY) is a Switzerland-based provider of hearing care solutions, headquartered in Stäfa. The company designs, develops, manufactures and distributes a range of audiological products and related services aimed at improving hearing and communication for people with hearing loss. Its portfolio spans behind-the-ear and in-the-ear hearing instruments, wireless accessories and software solutions that enable connectivity with consumer devices and audiological fittings.

Sonova markets its products under several well-known brands, including Phonak and Unitron for hearing aids, and it is also associated with Advanced Bionics for cochlear implant systems.