Sonic Healthcare (OTCMKTS:SKHHY) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY)’s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $13.88 and traded as low as $13.70. Sonic Healthcare shares last traded at $13.71, with a volume of 182,291 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Sonic Healthcare to a “hold” rating in a research report on Friday, April 17th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Sonic Healthcare Price Performance

The stock has a fifty day moving average of $13.88 and a two-hundred day moving average of $14.81.

About Sonic Healthcare

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.