Sonova (OTCMKTS:SONVY) Sees Large Volume Increase – Time to Buy?

Shares of Sonova Holding (OTCMKTS:SONVY) saw unusually-high trading volume on Friday. Approximately 53,955 shares changed hands during mid-day trading, an increase of 84% from the previous session’s volume of 29,400 shares. The stock last traded at $63.61 and had previously closed at $61.8070.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SONVY. UBS Group raised shares of Sonova from a “hold” rating to a “buy” rating in a report on Wednesday, July 22nd. Morgan Stanley upgraded Sonova from an “underweight” rating to an “equal weight” rating in a report on Tuesday, June 23rd. The Goldman Sachs Group upgraded Sonova from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Citigroup reissued a “sell” rating on shares of Sonova in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Sonova currently has a consensus rating of “Moderate Buy”.

Sonova Price Performance

The company has a quick ratio of 1.43, a current ratio of 1.75 and a debt-to-equity ratio of 0.51. The firm has a fifty day simple moving average of $58.45 and a two-hundred day simple moving average of $51.99.

About Sonova

Sonova Holding AG is a Switzerland-based hearing-care company that develops, manufactures and distributes solutions for people with hearing loss. Its products and services include hearing aids, cochlear implants, wireless communication systems and related accessories, as well as professional hearing-care services.

The company’s portfolio includes well-known brands such as Phonak, Unitron and Advanced Bionics. Sonova also operates hearing-care retail businesses in several markets, serving customers through audiology clinics, specialist retailers and other distribution channels.

Founded in 1947 and headquartered in Stäfa, Switzerland, Sonova serves customers through operations and sales networks across Europe, North America, Asia-Pacific and other international markets.