Sonic Healthcare (OTCMKTS:SKHHY) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.06 and traded as low as $14.79. Sonic Healthcare shares last traded at $14.89, with a volume of 76,277 shares.

Wall Street Analysts Forecast Growth

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

Sonic Healthcare Stock Down 1.0%

The firm has a fifty day moving average of $15.84 and a 200 day moving average of $15.06. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.17 and a quick ratio of 1.07.

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.