Sonic Healthcare (OTCMKTS:SKHHY) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $15.50 and traded as high as $15.51. Sonic Healthcare shares last traded at $15.28, with a volume of 47,557 shares.

Analysts Set New Price Targets

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

Sonic Healthcare Trading Down 2.8%

The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 0.56. The company’s fifty day moving average price is $15.49 and its two-hundred day moving average price is $15.32.

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.