Sonic Healthcare (OTCMKTS:SKHHY) Shares Gap Down – Should You Sell?

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY)’s share price gapped down prior to trading on Wednesday. The stock had previously closed at $13.63, but opened at $13.1790. Sonic Healthcare shares last traded at $13.57, with a volume of 328 shares changing hands.

Analysts Set New Price Targets

SKHHY has been the subject of a number of research reports. Zacks Research upgraded shares of Sonic Healthcare from a “strong sell” rating to a “hold” rating in a research report on Monday, October 19th. The Goldman Sachs Group downgraded Sonic Healthcare from a “buy” rating to a “hold” rating in a research note on Sunday, October 11th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Sonic Healthcare presently has a consensus rating of “Reduce”.

Sonic Healthcare Stock Down 0.7%

The stock’s 50 day moving average is $13.35 and its 200 day moving average is $14.43.

About Sonic Healthcare

Sonic Healthcare is an Australian medical diagnostics company that provides laboratory medicine and pathology services, including the testing and analysis of patient samples. Its services support doctors, hospitals and other healthcare providers in diagnosing and managing a wide range of medical conditions. The company also operates radiology and other healthcare businesses. Founded in Australia in 1987, Sonic Healthcare has expanded internationally and serves patients and healthcare providers across Australia, Europe, the United Kingdom and the United States, among other markets.