Sonic Healthcare (OTCMKTS:SKHHY) Sees Strong Trading Volume – Here’s What Happened

Shares of Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) saw an uptick in trading volume on Thursday . Approximately 205,423 shares traded hands during mid-day trading, an increase of 89% from the previous session’s volume of 108,823 shares.The stock last traded at $14.32 and had previously closed at $14.58.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Sonic Healthcare to a “hold” rating in a report on Friday, April 17th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce”.

Sonic Healthcare Stock Down 1.6%

The business has a fifty day simple moving average of $14.09 and a 200-day simple moving average of $14.73. The company has a quick ratio of 0.90, a current ratio of 1.01 and a debt-to-equity ratio of 0.59.

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.