Sonic Healthcare (OTCMKTS:SKHHY) Shares Gap Down – Here’s Why

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $16.69, but opened at $15.30. Sonic Healthcare shares last traded at $15.30, with a volume of 327 shares traded.

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 investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $30.15.

Sonic Healthcare Price Performance

The company has a debt-to-equity ratio of 0.56, a current ratio of 1.17 and a quick ratio of 1.07. The business has a 50 day moving average of $15.80 and a 200 day moving average of $15.10.

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.