Sonova (OTCMKTS:SONVY) Shares Pass Below Fifty Day Moving Average – Time to Sell?

Shares of Sonova Holding AG (OTCMKTS:SONVY) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $66.85 and traded as low as $64.21. Sonova shares last traded at $64.83, with a volume of 12,053 shares.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SONVY. Barclays lowered shares of Sonova from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Citigroup upgraded shares of Sonova to a “strong sell” rating in a research report on Thursday, November 21st.

Sonova Trading Down 0.3 %

The company’s fifty day moving average is $66.83 and its two-hundred day moving average is $69.20. The company has a quick ratio of 0.82, a current ratio of 1.21 and a debt-to-equity ratio of 0.61.

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.