Sonic Healthcare (OTCMKTS:SKHHY) Shares Gap Up – Time to Buy?

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $13.56, but opened at $14.3299. Sonic Healthcare shares last traded at $14.3299, with a volume of 24,203 shares.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of 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, According to MarketBeat, Sonic Healthcare currently has a consensus rating of “Sell”.

Sonic Healthcare Stock Up 0.5%

The firm has a 50-day moving average of $14.87 and a two-hundred day moving average of $14.48. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.90.

About Sonic Healthcare

Sonic Healthcare Limited is an Australian healthcare company that provides medical diagnostic services. Its principal activities include laboratory medicine, pathology and diagnostic imaging, supporting physicians, hospitals and other healthcare providers with testing and clinical information used in the diagnosis and management of disease.

The company operates laboratories, collection centers and related diagnostic facilities, offering services such as clinical pathology, anatomical pathology, molecular testing, genetics and other specialized laboratory investigations.