Sonic Healthcare (OTCMKTS:SKHHY) Sees Unusually-High Trading Volume – Should You Buy?

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) shares saw unusually-high trading volume on Tuesday . Approximately 351,637 shares traded hands during trading, an increase of 221% from the previous session’s volume of 109,583 shares.The stock last traded at $13.8120 and had previously closed at $13.85.

Wall Street Analysts Forecast Growth

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

Sonic Healthcare Trading Up 1.5%

The company has a quick ratio of 0.90, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The stock’s 50 day moving average price is $15.03 and its two-hundred day moving average price is $14.63.

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.