Sonova (OTCMKTS:SONVY) Shares Cross Below 200-Day Moving Average - Here's What Happened

Key Points

• Sonova shares crossed below its 200-day moving average, trading as low as $47.03 and last at $47.08 versus the 200-day MA of $51.26, on volume of about 30,518 shares.
• Analyst views are mixed but overall positive: MarketBeat shows a consensus rating of "Moderate Buy" (two Strong Buy, one Buy, four Hold, one Sell), with recent notable moves including Jefferies downgrading to "moderate sell" and BNP Paribas Exane upgrading to "strong-buy."
• On fundamentals, Sonova has modest leverage and tight liquidity with a debt-to-equity of 0.51, quick ratio 0.91 and current ratio 1.24, and its 50-day moving average of $48.02 sits close to the recent trading price.

Sonova Holding (OTCMKTS:SONVY - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $51.26 and traded as low as $47.03. Sonova shares last traded at $47.08, with a volume of 30,518 shares changing hands.

Wall Street Analysts Forecast Growth

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

Sonova Price Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.91 and a current ratio of 1.24. The stock's 50 day moving average price is $48.02 and its two-hundred day moving average price is $51.26.

Sonova Company Profile

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.

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