Sonic Healthcare (OTCMKTS:SKHHY) Sees Large Volume Increase – Here’s What Happened

Shares of Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) saw unusually-high trading volume on Tuesday . Approximately 168,539 shares traded hands during mid-day trading, an increase of 147% from the previous session’s volume of 68,333 shares.The stock last traded at $13.70 and had previously closed at $14.1250.

Analysts Set New Price Targets

Separately, Citigroup cut Sonic Healthcare from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $32.20.

Sonic Healthcare Trading Down 1.4%

The business’s 50 day simple moving average is $15.70 and its 200-day simple moving average is $15.00. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 0.56.

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.