SONOVA HLDG AG/ADR (SONVY) Reaches New 52-Week High at $43.30

SONOVA HLDG AG/ADR (OTCMKTS:SONVY) reached a new 52-week high on Tuesday . The company traded as high as $43.30 and last traded at $43.30, with a volume of 7503 shares changing hands. The stock had previously closed at $40.80.

Separately, Zacks Investment Research cut SONOVA HLDG AG/ADR from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 14th.

The company has a market cap of $14.16 billion, a price-to-earnings ratio of 33.02, a price-to-earnings-growth ratio of 2.37 and a beta of 0.78.

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Sonova Holding AG designs, develops, manufactures, and distributes hearing systems for adults and children with hearing impairment. It offers hearing instruments, cochlear implants, wireless communication products, and rechargeable hearing aids, as well as professional audiological care services. The company provides hearing instruments under the Phonak, Unitron, and Hansaton brand names; cochlear implants under the Advanced Bionics brand; and professional hearing care services under the AudioNova, Audium, AuditionSanté, Boots Hearingcare, Connect Hearing, Fiebing, Geers, Hansaton, Lapperre, Lindacher, Schoonenberg, Triton, and Vitakustik brands.

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