Sonic Healthcare (OTCMKTS:SKHHY) Reaches New 1-Year Low – Time to Sell?

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $12.96 and last traded at $14.02, with a volume of 6425 shares trading hands. The stock had previously closed at $13.32.

Wall Street Analyst Weigh In

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

Sonic Healthcare Trading Up 0.7%

The company has a 50 day moving average of $13.95 and a two-hundred day moving average of $14.91.

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.