Sonic Healthcare (OTCMKTS:SKHHY) Shares Gap Up – Here’s Why

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) gapped up prior to trading on Thursday . The stock had previously closed at $15.27, but opened at $16.3770. Sonic Healthcare shares last traded at $16.3450, with a volume of 6,558 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered Sonic Healthcare from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $30.15.

Sonic Healthcare Price Performance

The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 0.56. The company’s fifty day moving average price is $15.48 and its 200-day moving average price is $15.24.

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.