Sonic Healthcare (OTCMKTS:SKHHY) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $13.48 and traded as high as $14.0280. Sonic Healthcare shares last traded at $13.61, with a volume of 29,191 shares traded.

Analyst Upgrades and Downgrades

SKHHY has been the subject of several research analyst reports. The Goldman Sachs Group lowered Sonic Healthcare from a “buy” rating to a “hold” rating in a research 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 issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

Sonic Healthcare Trading Up 1.8%

The business’s fifty day moving average is $13.48 and its 200 day moving average is $14.51.

About Sonic Healthcare

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.