Sonova Holding AG (OTCMKTS:SONVY) Given Average Recommendation of "Reduce" by Analysts

Sonova Holding AG (OTCMKTS:SONVY - Get Free Report) has received an average rating of "Reduce" from the six analysts that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company.

SONVY has been the topic of several research reports. Hsbc Global Res lowered Sonova from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 21st. HSBC lowered Sonova from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st.

Sonova Price Performance

SONVY stock traded down $0.58 on Friday, reaching $63.64. 9,157 shares of the company's stock were exchanged, compared to its average volume of 20,118. The stock has a fifty day moving average of $60.29 and a 200-day moving average of $64.37. Sonova has a twelve month low of $52.83 and a twelve month high of $77.56. The company has a current ratio of 1.21, a quick ratio of 0.82 and a debt-to-equity ratio of 0.61.

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.