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

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY)’s share price gapped up before the market opened on Thursday. The stock had previously closed at $13.20, but opened at $13.63. Sonic Healthcare shares last traded at $13.30, with a volume of 13,054 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SKHHY shares. The Goldman Sachs Group cut Sonic Healthcare from a “buy” rating to a “hold” rating in a report on Sunday, October 11th. Zacks Research raised Sonic Healthcare from a “strong sell” rating to a “hold” rating in a report on Monday. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Sonic Healthcare Stock Performance

The company has a 50-day simple moving average of $13.82 and a 200-day simple moving average of $14.14.

Sonic Healthcare Company Profile

Sonic Healthcare Limited is an Australian healthcare company specializing in medical diagnostics. Its principal business is laboratory medicine, providing pathology and clinical testing services used to diagnose, monitor and manage a broad range of medical conditions. The company serves hospitals, physicians, healthcare organizations and patients through networks of medical laboratories and collection centers.

Sonic Healthcare also operates medical imaging businesses in selected markets and provides related healthcare services, including occupational health and primary care offerings in Australia.