Sonic Healthcare (OTCMKTS:SKHHY) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $15.50 and traded as high as $15.51. Sonic Healthcare shares last traded at $15.28, with a volume of 47,557 shares.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered Sonic Healthcare from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. One investment 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 currently has an average rating of “Hold” and an average target price of $30.15.

Sonic Healthcare Trading Down 3.0%

The company has a current ratio of 1.17, a quick ratio of 1.07 and a debt-to-equity ratio of 0.56. The stock’s 50-day moving average is $15.50 and its 200 day moving average is $15.34.

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.