Sonic Healthcare (OTCMKTS:SKHHY) Shares Gap Down – Here’s What Happened

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY)’s stock price gapped down before the market opened on Wednesday. The stock had previously closed at $13.63, but opened at $13.1790. Sonic Healthcare shares last traded at $13.57, with a volume of 328 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SKHHY shares. Zacks Research raised Sonic Healthcare from a “strong sell” rating to a “hold” rating in a research report on Monday, October 19th. The Goldman Sachs Group downgraded Sonic Healthcare from a “buy” rating to a “hold” rating in a research report on Sunday, October 11th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Sonic Healthcare Stock Performance

The firm’s 50 day moving average is $13.35 and its 200-day moving average is $14.43.

Sonic Healthcare Company Profile

Sonic Healthcare is an Australian medical diagnostics company that provides laboratory medicine and pathology services, including the testing and analysis of patient samples. Its services support doctors, hospitals and other healthcare providers in diagnosing and managing a wide range of medical conditions. The company also operates radiology and other healthcare businesses. Founded in Australia in 1987, Sonic Healthcare has expanded internationally and serves patients and healthcare providers across Australia, Europe, the United Kingdom and the United States, among other markets.