Sonova (OTCMKTS:SONVY) Sees Large Volume Increase – Should You Buy?

Sonova Holding (OTCMKTS:SONVY) saw unusually-high trading volume on Tuesday. 32,067 shares traded hands during trading, an increase of 6% from the average daily volume of 30,131 shares. The stock last traded at $68.30 and had previously closed at $69.18.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Sonova from a “hold” rating to a “buy” rating in a research report on Thursday, October 8th. Citigroup restated a “sell” rating on shares of Sonova in a research note on Friday, July 24th. Finally, UBS Group raised Sonova from a “hold” rating to a “buy” rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Sonova currently has a consensus rating of “Moderate Buy”.

Sonova Trading Down 1.0%

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.75 and a quick ratio of 1.43. The company’s 50 day moving average price is $61.35 and its two-hundred day moving average price is $53.27.

Sonova Company Profile

Sonova Holding AG is a Switzerland-based hearing-care company that develops, manufactures and distributes solutions for people with hearing loss. Its portfolio includes hearing aids, cochlear implants, hearing implants, wireless communication products and related accessories and services.

The company markets products under several brands, including Phonak, Unitron and Advanced Bionics. Sonova also operates hearing-care businesses and retail networks that provide hearing assessments, device fitting, rehabilitation support and after-sales services.