Sonic Healthcare (OTCMKTS:SKHHY) Shares Gap Up – Still a Buy?

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) shares gapped up before the market opened on Thursday . The stock had previously closed at $15.27, but opened at $16.3770. Sonic Healthcare shares last traded at $16.3450, with a volume of 6,558 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded Sonic Healthcare from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $30.15.

Sonic Healthcare Trading Up 8.9%

The firm has a 50 day moving average of $15.48 and a 200-day moving average of $15.24. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 0.56.

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.