Sonova (OTCMKTS:SONVY) Downgraded by Hsbc Global Res to "Hold"

Sonova (OTCMKTS:SONVY - Get Free Report) was downgraded by research analysts at Hsbc Global Res from a "strong-buy" rating to a "hold" rating in a report issued on Wednesday, May 21st,Zacks.com reports.

Separately, HSBC cut Sonova from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Sonova Stock Down 2.3%

Shares of OTCMKTS:SONVY traded down $1.46 during midday trading on Wednesday, hitting $62.18. The company had a trading volume of 8,763 shares, compared to its average volume of 20,004. Sonova has a 12 month low of $52.83 and a 12 month high of $77.56. The company has a quick ratio of 0.82, a current ratio of 1.21 and a debt-to-equity ratio of 0.61. The firm has a fifty day simple moving average of $60.31 and a 200 day simple moving average of $64.36.

Sonova Company Profile

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.