Sonova (OTCMKTS:SONVY) Shares Gap Down – Should You Sell?

Sonova Holding (OTCMKTS:SONVY) gapped down before the market opened on Thursday . The stock had previously closed at $52.17, but opened at $49.18. Sonova shares last traded at $49.28, with a volume of 3,515 shares trading hands.

Analysts Set New Price Targets

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

Sonova Trading Down 5.9%

The company has a quick ratio of 0.91, a current ratio of 1.24 and a debt-to-equity ratio of 0.51. The company has a 50 day moving average of $53.02 and a 200-day moving average of $54.01.

Sonova Company Profile

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.