Sonova (OTCMKTS:SONVY) Shares Gap Up – Here’s What Happened
by Amy Steele · The Cerbat GemSonova Holding (OTCMKTS:SONVY – Get Free Report)’s share price gapped up prior to trading on Monday . The stock had previously closed at $44.77, but opened at $48.34. Sonova shares last traded at $49.23, with a volume of 1,449 shares trading hands.
Analyst Ratings Changes
SONVY has been the topic of a number of recent research reports. Zacks Research upgraded Sonova from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Jefferies Financial Group downgraded Sonova from a “hold” rating to a “moderate sell” rating in a report on Wednesday, March 18th. BNP Paribas Exane raised Sonova from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, March 10th. Finally, Citigroup reaffirmed a “sell” rating on shares of Sonova in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.
View Our Latest Analysis on SONVY
Sonova Stock Performance
The stock has a fifty day simple moving average of $45.98 and a two-hundred day simple moving average of $50.05. The company has a quick ratio of 0.91, a current ratio of 1.24 and a debt-to-equity ratio of 0.51.
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.