Sonic Healthcare (OTCMKTS:SKHHY) Sees Unusually-High Trading Volume – Still a Buy?

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) shares saw unusually-high trading volume on Tuesday . Approximately 351,637 shares were traded during mid-day trading, an increase of 221% from the previous session’s volume of 109,583 shares.The stock last traded at $13.8120 and had previously closed at $13.85.

Analysts Set New Price Targets

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

Sonic Healthcare Stock Performance

The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.90. The business has a 50-day simple moving average of $15.02 and a 200-day simple moving average of $14.66.

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.