Sonova (OTCMKTS:SONVY) Sets New 52-Week High – Still a Buy?

Shares of Sonova Holding AG (OTCMKTS:SONVY) hit a new 52-week high on Thursday . The company traded as high as $75.04 and last traded at $74.67, with a volume of 11562 shares changing hands. The stock had previously closed at $73.60.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised Sonova to a “hold” rating in a report on Tuesday, August 13th.

Sonova Price Performance

The company has a 50 day simple moving average of $70.65 and a 200 day simple moving average of $63.97. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.07 and a current ratio of 1.45.

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.