Sonic Healthcare (OTCMKTS:SKHHY) Sees Strong Trading Volume – Here’s Why

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) saw an uptick in trading volume on Monday . Approximately 192,837 shares changed hands during trading, an increase of 79% from the previous session’s volume of 107,879 shares.The stock last traded at $15.10 and had previously closed at $15.2750.

Analysts Set New Price Targets

Separately, Zacks Research lowered Sonic Healthcare from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Sonic Healthcare Price Performance

The business’s 50 day simple moving average is $14.35 and its 200-day simple moving average is $14.73. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.90 and a current ratio of 1.01.

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.