Sonic Healthcare (OTCMKTS:SKHHY) Stock Crosses Below 50 Day Moving Average – Here’s Why

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHYGet Free Report)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $14.01 and traded as low as $13.2501. Sonic Healthcare shares last traded at $13.6130, with a volume of 237,548 shares traded.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Sonic Healthcare to a “hold” rating in a research report on Friday, April 17th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Check Out Our Latest Stock Report on Sonic Healthcare

Sonic Healthcare Stock Performance

The company’s fifty day moving average is $14.01 and its 200-day moving average is $14.91.

Sonic Healthcare Company Profile

(Get Free Report)

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.

Further Reading

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