Sonic Healthcare (OTCMKTS:SKHHY) Stock Crosses Below Fifty Day Moving Average – Here’s Why
by Tristan Rich · The Markets DailyShares of Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY – Get Free Report) 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 changing hands.
Analysts Set New Price Targets
Separately, Zacks Research raised shares of Sonic Healthcare to a “hold” rating in a research report on Friday, April 17th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.
Get Our Latest Stock Analysis on Sonic Healthcare
Sonic Healthcare Price Performance
The firm has a 50-day simple moving average of $13.88 and a 200 day simple moving average of $14.81.
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.