Sonic Healthcare (OTCMKTS:SKHHY) Stock Crosses Below 50 Day Moving Average – Here’s Why

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $14.01 and traded as low as $13.2501. Sonic Healthcare shares last traded at $13.6130, with a volume of 237,548 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Sonic Healthcare to a “hold” rating in a research note on Friday, April 17th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce”.

Sonic Healthcare Price Performance

The company’s 50 day simple moving average is $14.01 and its 200-day simple moving average is $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.