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

Sonova Holding (OTCMKTS:SONVY)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $48.45 and traded as high as $49.36. Sonova shares last traded at $48.32, with a volume of 14,051 shares.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SONVY. BNP Paribas Exane upgraded Sonova from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. Jefferies Financial Group downgraded Sonova from a “hold” rating to a “moderate sell” rating in a research report on Wednesday, March 18th. Finally, Citigroup reaffirmed a “sell” rating on shares of Sonova in a research report on Wednesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Sonova currently has an average rating of “Hold”.

Sonova Price Performance

The stock’s 50-day moving average price is $48.45 and its 200 day moving average price is $49.97. The company has a current ratio of 1.75, a quick ratio of 1.43 and a debt-to-equity ratio of 0.51.

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.