Sonic Healthcare (OTCMKTS:SKHHY) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY)’s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $13.88 and traded as low as $13.70. Sonic Healthcare shares last traded at $13.71, with a volume of 182,291 shares.

Analyst Ratings Changes

Separately, Zacks Research upgraded Sonic Healthcare to a “hold” rating in a report on Friday, April 17th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Sonic Healthcare has an average rating of “Reduce”.

Sonic Healthcare Trading Up 3.2%

The stock’s 50-day moving average is $13.87 and its 200-day moving average is $14.79.

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.