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

Shares of Sonova Holding (OTCMKTS:SONVY) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $51.11 and traded as high as $57.92. Sonova shares last traded at $57.37, with a volume of 5,453 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Morgan Stanley raised shares of Sonova from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, June 23rd. UBS Group raised shares of Sonova from a “hold” rating to a “buy” rating in a report on Wednesday, July 22nd. Finally, Citigroup reiterated a “sell” rating on shares of Sonova in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Sonova has an average rating of “Hold”.

Sonova Price Performance

The company has a current ratio of 1.75, a quick ratio of 1.43 and a debt-to-equity ratio of 0.51. The company has a 50 day moving average price of $51.22 and a 200 day moving average price of $49.86.

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.