Sonova (OTCMKTS:SONVY) Sets New 52-Week Low – Should You Sell?

Sonova Holding (OTCMKTS:SONVY) reached a new 52-week low on Tuesday . The company traded as low as $52.54 and last traded at $52.62, with a volume of 531 shares traded. The stock had previously closed at $54.34.

Wall Street Analyst Weigh In

SONVY has been the subject of a number of recent analyst reports. BNP Paribas initiated coverage on Sonova in a research note on Monday, October 20th. They issued an “underperform” rating for the company. Rothschild Redb raised Sonova from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Zacks Research lowered Sonova from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. Finally, Sanford C. Bernstein raised Sonova from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce”.

Sonova Trading Down 0.9%

The company has a quick ratio of 0.96, a current ratio of 1.27 and a debt-to-equity ratio of 0.45. The firm has a fifty day moving average price of $56.92 and a two-hundred day moving average price of $58.87.

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.