Sonova (OTCMKTS:SONVY) Shares Gap Down – Time to Sell?

Shares of Sonova Holding (OTCMKTS:SONVY) gapped down prior to trading on Thursday . The stock had previously closed at $52.17, but opened at $49.18. Sonova shares last traded at $49.28, with a volume of 3,515 shares.

Wall Street Analyst Weigh In

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

Sonova Trading Down 5.9%

The stock’s 50-day moving average price is $53.02 and its two-hundred day moving average price is $54.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.24 and a quick ratio of 0.91.

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.