SONOVA (OTCMKTS:SONVY) Rating Lowered to “Strong Sell” at Barclays

SONOVA (OTCMKTS:SONVY) was downgraded by Barclays from a “hold” rating to a “strong sell” rating in a research note issued on Friday,Zacks.com reports.

SONVY has been the subject of a number of other reports. BNP Paribas cut SONOVA from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday, June 11th. HSBC cut SONOVA from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st. Kepler Capital Markets raised SONOVA from a “strong sell” rating to a “hold” rating in a research note on Friday, June 6th. Finally, Hsbc Global Res cut SONOVA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 21st. Four analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

SONOVA Stock Down 2.0%

Shares of OTCMKTS SONVY opened at $59.16 on Friday. SONOVA has a twelve month low of $52.83 and a twelve month high of $77.56. 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 stock has a fifty day simple moving average of $61.89 and a 200-day simple moving average of $63.40.

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.