Sonic Healthcare (OTCMKTS:SKHHY) Shares Gap Up – Time to Buy?

Shares of Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) gapped up before the market opened on Thursday . The stock had previously closed at $15.27, but opened at $16.3770. Sonic Healthcare shares last traded at $16.3450, with a volume of 6,558 shares.

Analyst Upgrades and Downgrades

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

Sonic Healthcare Price Performance

The company has a debt-to-equity ratio of 0.56, a current ratio of 1.17 and a quick ratio of 1.07. The stock’s 50-day moving average is $15.52 and its 200 day moving average is $15.24.

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.