Sonic Healthcare (OTCMKTS:SKHHY) Shares Gap Down – Here’s Why

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $17.12, but opened at $14.76. Sonic Healthcare shares last traded at $15.0320, with a volume of 543 shares.

Analysts Set New Price Targets

Separately, Zacks Research lowered Sonic Healthcare from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, Sonic Healthcare presently has a consensus rating of “Sell”.

Sonic Healthcare Stock Performance

The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.90 and a current ratio of 1.01. The business’s 50 day simple moving average is $14.95 and its 200-day simple moving average is $14.72.

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.