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

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) shares saw unusually-strong trading volume on Thursday . Approximately 82,587 shares were traded 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 Analyst Weigh In

Separately, Citigroup lowered shares of 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $30.15.

Sonic Healthcare Stock Performance

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

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.