Sonic Healthcare (OTCMKTS:SKHHY) Shares Gap Up – Still a Buy?

Shares of Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) gapped up prior to trading on Friday . The stock had previously closed at $13.47, but opened at $14.3075. Sonic Healthcare shares last traded at $14.00, with a volume of 80,328 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Sonic Healthcare to a “hold” rating in a research note on Friday, April 17th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce”.

Sonic Healthcare Price Performance

The firm has a 50 day moving average of $13.95 and a 200-day moving average of $14.91.

About Sonic Healthcare

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.