Sonic Healthcare (OTCMKTS:SKHHY) Shares Gap Up – Time to Buy?

Shares of Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) gapped up before the market opened on Thursday. The stock had previously closed at $13.20, but opened at $13.63. Sonic Healthcare shares last traded at $13.30, with a volume of 13,054 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SKHHY. The Goldman Sachs Group cut Sonic Healthcare from a “buy” rating to a “hold” rating in a report on Sunday, October 11th. Zacks Research upgraded shares of Sonic Healthcare from a “strong sell” rating to a “hold” rating in a report on Monday, October 19th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

Sonic Healthcare Stock Performance

The business’s fifty day moving average price is $13.71 and its 200 day moving average price is $14.13.

Sonic Healthcare Company Profile

Sonic Healthcare Limited is an Australian healthcare company specializing in medical diagnostics. Its principal business is laboratory medicine, providing pathology and clinical testing services used to diagnose, monitor and manage a broad range of medical conditions. The company serves hospitals, physicians, healthcare organizations and patients through networks of medical laboratories and collection centers.

Sonic Healthcare also operates medical imaging businesses in selected markets and provides related healthcare services, including occupational health and primary care offerings in Australia.