Sonic Healthcare (OTCMKTS:SKHHY) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $15.71 and traded as high as $17.49. Sonic Healthcare shares last traded at $17.49, with a volume of 34,318 shares changing hands.

Wall Street Analyst Weigh In

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

Sonic Healthcare Stock Performance

The stock has a fifty day moving average of $15.77 and a 200 day moving average of $15.13. The company has a current ratio of 1.17, a quick ratio of 1.07 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.