Sonova (OTCMKTS:SONVY) Sees Unusually-High Trading Volume – What’s Next?

Shares of Sonova Holding (OTCMKTS:SONVY) saw an uptick in trading volume on Thursday . 95,843 shares changed hands during trading, an increase of 166% from the previous session’s volume of 36,084 shares.The stock last traded at $43.58 and had previously closed at $43.42.

Wall Street Analyst Weigh In

A number of brokerages have commented on SONVY. BNP Paribas Exane upgraded shares of Sonova from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. Zacks Research raised shares of Sonova from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Finally, Jefferies Financial Group downgraded shares of Sonova from a “hold” rating to a “moderate sell” rating in a research note on Wednesday, March 18th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Sonova Trading Down 0.1%

The business has a 50 day moving average of $51.34 and a two-hundred day moving average of $52.91. The company has a quick ratio of 0.91, a current ratio of 1.24 and a debt-to-equity ratio of 0.51.

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.