Sonic Healthcare (OTCMKTS:SKHHY) Shares Gap Down – Here’s Why

Shares of Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) gapped down before the market opened on Wednesday. The stock had previously closed at $13.63, but opened at $13.1790. Sonic Healthcare shares last traded at $13.57, with a volume of 328 shares.

Wall Street Analyst Weigh In

SKHHY has been the subject of several analyst reports. Zacks Research upgraded Sonic Healthcare from a “strong sell” rating to a “hold” rating in a report on Monday, October 19th. The Goldman Sachs Group downgraded Sonic Healthcare from a “buy” rating to a “hold” rating in a research note on Sunday, October 11th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Sonic Healthcare Trading Down 0.3%

The company’s fifty day moving average price is $13.34 and its 200-day moving average price is $14.41.

Sonic Healthcare Company Profile

Sonic Healthcare is an Australian medical diagnostics company that provides laboratory medicine and pathology services, including the testing and analysis of patient samples. Its services support doctors, hospitals and other healthcare providers in diagnosing and managing a wide range of medical conditions. The company also operates radiology and other healthcare businesses. Founded in Australia in 1987, Sonic Healthcare has expanded internationally and serves patients and healthcare providers across Australia, Europe, the United Kingdom and the United States, among other markets.