Sonic Healthcare (OTCMKTS:SKHHY) Sets New 52-Week Low – Here’s What Happened

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) shares hit a new 52-week low on Tuesday . The company traded as low as $13.00 and last traded at $13.30, with a volume of 50875 shares. The stock had previously closed at $13.30.

Analyst Upgrades and Downgrades

SKHHY has been the subject of a number of recent research reports. Citigroup lowered shares of Sonic Healthcare from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Zacks Research upgraded shares of Sonic Healthcare to a “hold” rating in a report on Friday, April 17th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

Sonic Healthcare Stock Down 1.4%

The stock’s fifty day moving average price is $14.26 and its two-hundred day moving average price is $14.93.

Sonic Healthcare Company Profile

Sonic Healthcare (OTCMKTS:SKHHY) is a global provider of medical diagnostics services, specializing in pathology and radiology. Established in 1987 and headquartered in Sydney, Australia, the company has grown into one of the largest laboratory networks in the world. Its ordinary shares trade on the Australian Securities Exchange, and its American Depositary Receipts trade over the counter under the symbol SKHHY.

The company offers a broad range of clinical pathology services, including anatomic pathology, clinical chemistry, hematology, microbiology and molecular diagnostics.