SONOVA HOLDING (OTCMKTS:SONVY) Given Average Recommendation of "Reduce" by Analysts

Key Points

• Sonova Holding has received an average rating of "Reduce" from nine brokerages, with four ratings for sell and four for hold, along with one strong buy recommendation.
• The company recently increased its dividend to $0.6243 per share, up from $0.57, resulting in a high dividend yield of 99.0%.
• Current trading data shows Sonova's shares opened at $54.59, with a 52-week range between $52.83 and $77.56.

Shares of SONOVA HOLDING (OTCMKTS:SONVY - Get Free Report) have been assigned a consensus rating of "Reduce" from the nine ratings firms that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a strong buy recommendation to the company.

SONVY has been the subject of a number of research reports. HSBC cut SONOVA from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Barclays cut SONOVA from a "hold" rating to a "strong sell" rating in a research report on Friday, June 20th. Sanford C. Bernstein raised SONOVA from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 18th. Hsbc Global Res cut SONOVA from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Kepler Capital Markets raised SONOVA from a "strong sell" rating to a "hold" rating in a research report on Friday, June 6th.

SONOVA Stock Performance

SONVY traded down $0.53 during trading on Thursday, reaching $55.16. 18,288 shares of the stock traded hands, compared to its average volume of 23,168. SONOVA has a fifty-two week low of $52.83 and a fifty-two week high of $77.56. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.27 and a quick ratio of 0.96. The stock's 50-day simple moving average is $59.01 and its two-hundred day simple moving average is $61.34.

SONOVA Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, July 2nd. Investors of record on Tuesday, June 17th were given a dividend of $0.6243 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a dividend yield of 99.0%. This is a boost from SONOVA's previous dividend of $0.57.

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.