Sonic Healthcare (OTCMKTS:SKHHY) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Sonic Healthcare Limited (OTCMKTS:SKHHYGet Free Report)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $16.60 and traded as high as $17.79. Sonic Healthcare shares last traded at $17.28, with a volume of 41,054 shares trading hands.

Analysts Set New Price Targets

Several research analysts recently weighed in on SKHHY shares. The Goldman Sachs Group raised Sonic Healthcare to a “strong-buy” rating in a research note on Friday, April 4th. Morgan Stanley set a $28.10 target price on shares of Sonic Healthcare in a report on Wednesday, March 19th.

Check Out Our Latest Research Report on SKHHY

Sonic Healthcare Price Performance

The stock has a 50-day moving average of $16.60 and a two-hundred day moving average of $17.13.

About Sonic Healthcare

(Get Free Report)

Sonic Healthcare Limited offers medical diagnostic services to medical practitioners, hospitals, community health services, and their collective patients. The company provides laboratory medicine/pathology testing services, such as biochemistry, cytopathology, genetics, haematology, histopathology, immunoserology, microbiology, molecular pathology, prenatal testing, toxicology, and ancillary functions; and radiology services, including magnetic resonance imaging, computed tomography (CT), ultrasound, X-ray, mammography, nuclear medicine, PET CT, interventional procedures, and bone mineral densitometry.

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