Sonic Healthcare (OTCMKTS:SKHHY) Sees Strong Trading Volume – Time to Buy?

Shares of Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) saw strong trading volume on Tuesday . 168,539 shares traded hands during trading, an increase of 147% from the previous session’s volume of 68,333 shares.The stock last traded at $13.70 and had previously closed at $14.1250.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded Sonic Healthcare from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $32.20.

Sonic Healthcare Stock Down 3.0%

The firm’s fifty day simple moving average is $15.76 and its 200 day simple moving average is $15.01. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 0.56.

Sonic Healthcare Company Profile

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.