Sonova (OTCMKTS:SONVY) Shares Pass Below 50 Day Moving Average – What’s Next?

Sonova Holding AG (OTCMKTS:SONVY)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $66.85 and traded as low as $64.21. Sonova shares last traded at $64.83, with a volume of 12,053 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SONVY shares. Barclays lowered shares of Sonova from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Citigroup raised Sonova to a “strong sell” rating in a report on Thursday, November 21st.

Sonova Stock Performance

The company has a current ratio of 1.21, a quick ratio of 0.82 and a debt-to-equity ratio of 0.61. The stock’s fifty day moving average price is $66.85 and its 200 day moving average price is $69.13.

About Sonova

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.