Sonova (OTCMKTS:SONVY) Share Price Passes Below Fifty Day Moving Average - Time to Sell?

Key Points

• Sonova's share price has fallen below its 50-day moving average, closing at $57.15, prompting questions about whether it is time to sell.
• Analysts have issued mixed ratings, with one maintaining a Strong Buy rating, while four have given it a Sell, resulting in a consensus rating of "Reduce."
• The company also announced an increase in dividend payments, with a recent payout of $0.6243, up from $0.57, reflecting a significant yield of 99.0%.

Sonova Holding (OTCMKTS:SONVY - Get Free Report)'s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $57.63 and traded as low as $56.93. Sonova shares last traded at $57.15, with a volume of 12,511 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. BNP Paribas downgraded Sonova from a "strong-buy" rating to a "strong sell" rating in a research note on Wednesday, June 11th. Sanford C. Bernstein raised Sonova from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 18th. HSBC downgraded Sonova from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Kepler Capital Markets raised Sonova from a "strong sell" rating to a "hold" rating in a research note on Friday, June 6th. Finally, Hsbc Global Res downgraded Sonova from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce".

Sonova Stock Up 0.5%

The firm has a 50 day moving average of $57.63 and a two-hundred day moving average of $60.33. The company has a quick ratio of 0.96, a current ratio of 1.27 and a debt-to-equity ratio of 0.45.

Sonova Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, July 2nd. Investors of record on Tuesday, June 17th were paid a $0.6243 dividend. This represents a yield of 99.0%. The ex-dividend date of this dividend 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.

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