Sonic Healthcare (OTCMKTS:SKHHY) Shares Gap Down – Should You Sell?

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) shares gapped down prior to trading on Thursday . The stock had previously closed at $17.12, but opened at $14.76. Sonic Healthcare shares last traded at $15.0320, with a volume of 543 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Sonic Healthcare from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 22nd. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Sonic Healthcare Stock Performance

The company has a current ratio of 1.01, a quick ratio of 0.90 and a debt-to-equity ratio of 0.59. The firm’s fifty day moving average is $14.92 and its 200 day moving average is $14.73.

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.