Sonic Healthcare (OTCMKTS:SKHHY) Sees Unusually-High Trading Volume – What’s Next?

Shares of Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) saw unusually-high trading volume on Thursday . Approximately 82,587 shares traded hands during trading, an increase of 51% from the previous session’s volume of 54,707 shares.The stock last traded at $16.5370 and had previously closed at $16.69.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut shares of 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $30.15.

Sonic Healthcare Price Performance

The stock’s 50 day moving average is $15.77 and its two-hundred day moving average is $15.13. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.17 and a quick ratio of 1.07.

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.