Sonic Healthcare (OTCMKTS:SKHHY) Sees Large Volume Increase – Time to Buy?

Shares of Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) saw an uptick in trading volume on Monday . Approximately 161,712 shares traded hands during trading, an increase of 49% from the previous session’s volume of 108,777 shares.The stock last traded at $15.61 and had previously closed at $15.70.

Wall Street Analysts Forecast Growth

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

Sonic Healthcare Price Performance

The company’s 50-day simple moving average is $14.63 and its 200-day simple moving average is $14.73. The company has a current ratio of 1.01, a quick ratio of 0.90 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.