Sonova (OTCMKTS:SONVY) Stock Price Crosses Below 50 Day Moving Average - Should You Sell?

Sonova Holding AG (OTCMKTS:SONVY - Get Free Report)'s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $67.86 and traded as low as $65.02. Sonova shares last traded at $65.40, with a volume of 54,701 shares traded.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Citigroup raised Sonova to a "strong sell" rating in a research report on Thursday, November 21st. The Goldman Sachs Group raised shares of Sonova to a "strong sell" rating in a research report on Tuesday, October 22nd. Finally, Barclays lowered shares of Sonova from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 20th.

Sonova Trading Up 0.5 %

The firm has a 50-day simple moving average of $67.86 and a two-hundred day simple moving average of $67.86. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.45 and a quick ratio of 1.07.

About Sonova

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.