Sonic Healthcare (OTCMKTS:SKHHY) Reaches New 52-Week Low – What’s Next?

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $12.96 and last traded at $14.02, with a volume of 6425 shares changing hands. The stock had previously closed at $13.32.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of 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 given a Sell rating to the company. Based on data from MarketBeat, Sonic Healthcare has a consensus rating of “Reduce”.

Sonic Healthcare Stock Performance

The firm has a 50 day simple moving average of $14.01 and a 200-day simple 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.