Sonova (OTCMKTS:SONVY) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

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 traded.

Analyst Upgrades and Downgrades

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

Sonova Price Performance

The business’s 50-day moving average is $68.97 and its 200-day moving average is $67.59. The company has a current ratio of 1.45, a quick ratio of 1.07 and a debt-to-equity ratio of 0.63.

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.