Sonic Healthcare (OTCMKTS:SKHHY) Trading Down 8.5% – Time to Sell?

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY)’s stock price fell 8.5% on Friday . The company traded as low as $15.67 and last traded at $15.67. 375 shares traded hands during trading, a decline of 100% from the average session volume of 107,941 shares. The stock had previously closed at $17.12.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Sonic Healthcare from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Sonic Healthcare has an average rating of “Sell”.

Sonic Healthcare Stock Up 0.1%

The company’s fifty day moving average is $14.94 and its 200-day moving average is $14.72. The company has a quick ratio of 0.90, a current ratio of 1.01 and a debt-to-equity ratio of 0.59.

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.