Sonic Healthcare (OTCMKTS:SKHHY) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $15.06 and traded as low as $14.79. Sonic Healthcare shares last traded at $14.89, with a volume of 76,277 shares.

Analyst Upgrades and Downgrades

Separately, Citigroup cut Sonic Healthcare from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Sonic Healthcare has a consensus rating of “Hold” and an average price target of $30.15.

Sonic Healthcare Price Performance

The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.07 and a current ratio of 1.17. The company has a 50-day moving average of $15.84 and a 200 day moving average of $15.06.

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.