Sonic Healthcare (OTCMKTS:SKHHY) Shares Gap Down – Time to Sell?

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $13.97, but opened at $13.36. Sonic Healthcare shares last traded at $13.8592, with a volume of 1,940 shares traded.

Analyst Upgrades and Downgrades

Separately, Citigroup cut Sonic Healthcare from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Sonic Healthcare Price Performance

The stock has a 50 day simple moving average of $15.14 and a 200 day simple moving average of $14.93.

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.