Sonic Healthcare (OTCMKTS:SKHHY) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $15.50 and traded as high as $15.51. Sonic Healthcare shares last traded at $15.28, with a volume of 47,557 shares trading hands.

Analysts Set New Price Targets

Separately, Citigroup downgraded Sonic Healthcare from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Sonic Healthcare currently has an average rating of “Hold” and an average price target of $30.15.

Sonic Healthcare Stock Down 3.0%

The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.07 and a current ratio of 1.17. The firm has a 50 day moving average price of $15.50 and a 200-day moving average price of $15.34.

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.