Sonova (OTCMKTS:SONVY) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Sonova Holding (OTCMKTS:SONVY) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $53.10 and traded as low as $50.20. Sonova shares last traded at $50.50, with a volume of 33,191 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada raised shares of Sonova to a “moderate buy” rating in a research note on Tuesday, November 18th. Zacks Research upgraded shares of Sonova from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Sonova has an average rating of “Hold”.

Sonova Stock Down 1.2%

The company has a quick ratio of 0.91, a current ratio of 1.24 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average price is $53.10 and its 200 day moving average price is $54.31.

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.