Sonic Healthcare (OTCMKTS:SKHHY) Trading 5.2% Higher – Time to Buy?

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY)’s share price traded up 5.2% on Friday . The stock traded as high as $14.34 and last traded at $14.0440. 13,914 shares changed hands during trading, a decline of 88% from the average session volume of 113,366 shares. The stock had previously closed at $13.35.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Sonic Healthcare to a “hold” rating in a research note on Friday, April 17th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Sonic Healthcare Stock Down 1.2%

The company has a fifty day moving average price of $13.89 and a 200-day moving average price of $14.89.

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.