Sonic Healthcare (OTCMKTS:SKHHY) Sees Large Volume Increase – What’s Next?

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) saw unusually-high trading volume on Thursday . Approximately 205,423 shares were traded 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.

Analyst Upgrades and Downgrades

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

Sonic Healthcare Trading Up 3.6%

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 has a 50-day moving average price of $14.14 and a 200-day moving average price of $14.73.

Sonic Healthcare Company Profile

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.