Sonova (OTCMKTS:SONVY) Rating Increased to Strong Sell at The Goldman Sachs Group

Sonova (OTCMKTS:SONVY - Get Free Report) was upgraded by research analysts at The Goldman Sachs Group to a "strong sell" rating in a note issued to investors on Tuesday, Zacks.com reports.

Separately, UBS Group upgraded Sonova to a "hold" rating in a research note on Tuesday, August 13th.

Sonova Price Performance

Sonova stock traded down $0.77 during mid-day trading on Tuesday, reaching $72.78. 59,482 shares of the company's stock were exchanged, compared to its average volume of 44,976. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.07 and a current ratio of 1.45. The business's fifty day simple moving average is $71.01 and its 200 day simple moving average is $64.33. Sonova has a one year low of $46.02 and a one year high of $75.04.

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.