Sonic Healthcare (OTCMKTS:SKHHY) Sees Strong Trading Volume – Still a Buy?

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) shares saw strong trading volume on Tuesday . 351,637 shares were traded during mid-day trading, an increase of 221% from the previous session’s volume of 109,583 shares.The stock last traded at $13.8120 and had previously closed at $13.85.

Wall Street Analyst Weigh In

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

Sonic Healthcare Price Performance

The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.90. The company’s 50-day simple moving average is $15.02 and its 200 day simple moving average is $14.66.

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.