SONOVA HOLDING (OTCMKTS:SONVY) Given Average Rating of "Reduce" by Brokerages

Key Points

• Sonova Holding has received an average recommendation of "Reduce" from nine analysts, with four recommending sell, four hold, and one strong buy.
• The company recently declared a dividend of $0.6243 per share, reflecting a positive increase from the prior dividend of $0.57.
• Sonova's stock is currently trading at $58.36, with a fifty-two week range between $52.83 and $77.56.

Shares of SONOVA HOLDING (OTCMKTS:SONVY - Get Free Report) have received a consensus recommendation of "Reduce" from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company.

Several research firms have recently commented on SONVY. Hsbc Global Res downgraded SONOVA from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Kepler Capital Markets raised SONOVA from a "strong sell" rating to a "hold" rating in a report on Friday, June 6th. Sanford C. Bernstein raised SONOVA from a "hold" rating to a "strong-buy" rating in a report on Friday, July 18th. HSBC cut SONOVA from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, Zacks Research upgraded SONOVA from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 28th.

SONOVA Stock Performance

OTCMKTS:SONVY traded up $0.86 on Monday, hitting $57.94. The company's stock had a trading volume of 25,315 shares, compared to its average volume of 21,900. SONOVA has a one year low of $52.83 and a one year high of $77.56. The stock has a fifty day moving average of $57.43 and a two-hundred day moving average of $60.01. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.27 and a quick ratio of 0.96.

SONOVA Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th were issued a dividend of $0.6243 per share. This represents a yield of 99.0%. The ex-dividend date was Monday, June 16th. This is an increase 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.