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

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $16.69, but opened at $15.30. Sonic Healthcare shares last traded at $15.30, with a volume of 327 shares traded.

Wall Street Analyst Weigh In

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

Sonic Healthcare Stock Performance

The stock’s fifty day moving average price is $15.79 and its 200-day moving average price is $15.14. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 0.56.

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.