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

SONOVA HOLDING (OTCMKTS:SONVY) has been assigned an average recommendation of “Reduce” from the nine ratings firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the company.

Several brokerages have recently issued reports on SONVY. BNP Paribas began coverage on shares of SONOVA in a research report on Monday, October 20th. They set an “underperform” rating on the stock. Sanford C. Bernstein raised shares of SONOVA from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 18th. Zacks Research cut shares of SONOVA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. Finally, Rothschild Redb upgraded shares of SONOVA from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th.

SONOVA Price Performance

Shares of OTCMKTS SONVY opened at $57.31 on Tuesday. The firm’s 50-day moving average price is $57.18 and its 200-day moving average price is $58.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.96 and a current ratio of 1.27. 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.