Sonova (OTCMKTS:SONVY) Stock Crosses Below 50 Day Moving Average – Here’s Why

Shares of Sonova Holding AG (OTCMKTS:SONVY) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $69.10 and traded as low as $64.71. Sonova shares last traded at $64.88, with a volume of 15,115 shares.

Wall Street Analysts Forecast Growth

SONVY has been the topic of a number of research reports. The Goldman Sachs Group upgraded shares of Sonova to a “strong sell” rating in a research note on Tuesday, October 22nd. Barclays lowered Sonova from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Citigroup upgraded Sonova to a “strong sell” rating in a research note on Thursday, November 21st.

Sonova Stock Performance

The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.07 and a current ratio of 1.45. The business’s 50-day moving average is $69.10 and its 200 day moving average is $67.57.

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.