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

Shares of Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) saw unusually-high trading volume on Monday . 192,837 shares changed hands during trading, an increase of 79% from the previous session’s volume of 107,879 shares.The stock last traded at $15.10 and had previously closed at $15.2750.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Sonic Healthcare from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 22nd. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, Sonic Healthcare has an average rating of “Sell”.

Sonic Healthcare Stock Performance

The company’s 50-day simple moving average is $14.35 and its 200-day simple moving average is $14.73. The company has a current ratio of 1.01, a quick ratio of 0.90 and a debt-to-equity ratio of 0.59.

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.