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

SONOVA HOLDING (OTCMKTS:SONVY) has received an average rating of “Reduce” from the nine research firms that are currently covering the firm, MarketBeat reports. Four 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.

Several equities analysts have recently issued reports on the company. Kepler Capital Markets raised SONOVA from a “strong sell” rating to a “hold” rating in a report on Friday, June 6th. BNP Paribas lowered SONOVA from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, June 11th. Sanford C. Bernstein raised SONOVA from a “hold” rating to a “strong-buy” rating in a report on Friday, July 18th. Zacks Research raised SONOVA from a “strong sell” rating to a “hold” rating in a report on Thursday, August 28th. Finally, Barclays lowered SONOVA from a “hold” rating to a “strong sell” rating in a report on Friday, June 20th.

SONOVA Price Performance

SONVY stock opened at $54.95 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.27 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average of $57.23 and a 200-day moving average of $59.20. SONOVA has a 12-month low of $52.83 and a 12-month high of $77.56.

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.