Sonic Healthcare (OTCMKTS:SKHHY) Shares Gap Down – Time to Sell?

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $16.69, but opened at $15.30. Sonic Healthcare shares last traded at $15.30, with a volume of 327 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut Sonic Healthcare from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.15.

Sonic Healthcare Stock Down 1.5%

The company has a debt-to-equity ratio of 0.56, a current ratio of 1.17 and a quick ratio of 1.07. The business’s 50 day simple moving average is $15.79 and its 200 day simple moving average is $15.14.

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.