Sonova (OTCMKTS:SONVY) Sees Unusually-High Trading Volume – Should You Buy?

Sonova Holding (OTCMKTS:SONVY) shares saw an uptick in trading volume on Tuesday. Approximately 32,067 shares changed hands during trading, an increase of 6% from the average daily volume of 30,131 shares. The stock last traded at $68.30 and had previously closed at $69.18.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SONVY shares. UBS Group lowered shares of Sonova from a “strong-buy” rating to a “hold” rating in a report on Monday. Citigroup reiterated a “sell” rating on shares of Sonova in a research note on Friday, July 24th. Finally, The Goldman Sachs Group raised shares of Sonova from a “hold” rating to a “buy” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Sonova currently has an average rating of “Hold”.

Sonova Stock Performance

The firm has a 50-day simple moving average of $61.71 and a 200 day simple moving average of $53.42. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.75 and a quick ratio of 1.43.

About Sonova

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

The company markets products under several brands, including Phonak, Unitron and Advanced Bionics. Sonova also operates hearing-care businesses and retail networks that provide hearing assessments, device fitting, rehabilitation support and after-sales services.