Sonic Healthcare (OTCMKTS:SKHHY) Sees Strong Trading Volume – Should You Buy?

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) shares saw strong trading volume on Monday . 161,712 shares changed hands during mid-day trading, an increase of 49% from the previous session’s volume of 108,777 shares.The stock last traded at $15.61 and had previously closed at $15.70.

Analysts Set New Price Targets

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

Sonic Healthcare Trading Up 0.7%

The company’s fifty day simple moving average is $14.54 and its two-hundred day simple moving average is $14.73. The company has a quick ratio of 0.90, a current ratio of 1.01 and a debt-to-equity ratio of 0.59.

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.