Sonic Healthcare (OTCMKTS:SKHHY) Reaches New 52-Week Low – Here’s Why

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY)’s share price reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $12.7480 and last traded at $12.7480, with a volume of 2082 shares traded. The stock had previously closed at $12.8650.

Analysts Set New Price Targets

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

Sonic Healthcare Price Performance

The company has a 50 day moving average price of $14.30 and a 200 day moving average price of $14.21.

About Sonic Healthcare

Sonic Healthcare Limited is an Australia-based healthcare company that provides medical diagnostic services. Its principal business is laboratory medicine, including clinical pathology, anatomical pathology, genetics, and other testing services used by physicians, hospitals, and other healthcare providers. The company also offers medical imaging and related diagnostic services in selected markets.

Founded in 1987 and headquartered in Sydney, Sonic Healthcare has expanded from its Australian pathology operations into an international healthcare group.