SONOVA HOLDING (OTCMKTS:SONVY) Given Consensus Recommendation of “Reduce” by Analysts

Shares of SONOVA HOLDING (OTCMKTS:SONVY) have received a consensus recommendation of “Reduce” from the eight brokerages that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company.

A number of brokerages have recently commented on SONVY. Hsbc Global Res cut shares of SONOVA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 21st. Kepler Capital Markets upgraded shares of SONOVA from a “strong sell” rating to a “hold” rating in a research report on Friday, June 6th. HSBC cut shares of SONOVA from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. Barclays cut shares of SONOVA from a “hold” rating to a “strong sell” rating in a research report on Friday. Finally, BNP Paribas cut shares of SONOVA from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, June 11th.

SONOVA Price Performance

Shares of OTCMKTS SONVY opened at $59.16 on Wednesday. The firm has a 50-day simple moving average of $61.89 and a 200-day simple moving average of $63.37. The company has a current ratio of 1.27, a quick ratio of 0.96 and a debt-to-equity ratio of 0.45. SONOVA has a 52 week low of $52.83 and a 52 week high of $77.56.

SONOVA Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th will be paid a dividend of $0.6243 per share. This represents a yield of 0.99%. The ex-dividend date of this dividend is Monday, June 16th. This is a positive change from SONOVA’s previous dividend of $0.57.

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.