Sonic Healthcare (OTCMKTS:SKHHY) Shares Gap Up – Still a Buy?

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) shares gapped up before the market opened on Friday . The stock had previously closed at $13.47, but opened at $14.3075. Sonic Healthcare shares last traded at $14.00, with a volume of 80,328 shares trading hands.

Analysts Set New Price Targets

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

Sonic Healthcare Stock Performance

The firm’s 50-day simple moving average is $13.95 and its 200 day simple moving average is $14.91.

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.