Sonic Healthcare (OTCMKTS:SKHHY) Shares Gap Down – Time to Sell?

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) gapped down before the market opened on Tuesday . The stock had previously closed at $14.92, but opened at $14.3671. Sonic Healthcare shares last traded at $14.6820, with a volume of 3,665 shares changing hands.

Analyst Ratings Changes

Several equities analysts have weighed in on SKHHY shares. Citigroup lowered Sonic Healthcare from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Zacks Research raised Sonic Healthcare to a “hold” rating in a report on Friday. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce”.

Sonic Healthcare Trading Down 1.3%

The firm has a fifty day simple moving average of $15.06 and a two-hundred day simple moving average of $14.95.

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.