Sonova (OTCMKTS:SONVY) Shares Gap Up – Should You Buy?

Sonova Holding (OTCMKTS:SONVY) gapped up prior to trading on Tuesday . The stock had previously closed at $49.54, but opened at $52.70. Sonova shares last traded at $51.99, with a volume of 49,820 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Zacks Research upgraded Sonova from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Royal Bank Of Canada upgraded shares of Sonova to a “moderate buy” rating in a research report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Sonova Stock Performance

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.24 and a quick ratio of 0.91. The firm has a fifty day moving average of $52.85 and a 200-day moving average of $53.82.

About Sonova

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.