Sonova (OTCMKTS:SONVY) Sees Strong Trading Volume – Here’s Why

Shares of Sonova Holding (OTCMKTS:SONVY) saw an uptick in trading volume on Tuesday . 392,477 shares were traded during mid-day trading, an increase of 1,097% from the previous session’s volume of 32,783 shares.The stock last traded at $48.45 and had previously closed at $49.65.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SONVY shares. Zacks Research lowered Sonova from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. Rothschild Redb upgraded shares of Sonova from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Finally, BNP Paribas began coverage on shares of Sonova in a research report on Monday, October 20th. They set an “underperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

Sonova Stock Down 1.8%

The firm has a 50-day moving average of $55.85 and a 200 day moving average of $58.39. 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.