Sonic Healthcare (OTCMKTS:SKHHY) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY)’s share price crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $13.48 and traded as high as $14.0280. Sonic Healthcare shares last traded at $13.61, with a volume of 29,191 shares trading hands.

Analyst Ratings Changes

Several research firms have recently issued reports on SKHHY. Zacks Research upgraded Sonic Healthcare from a “strong sell” rating to a “hold” rating in a research report on Monday, October 19th. The Goldman Sachs Group downgraded Sonic Healthcare from a “buy” rating to a “hold” rating in a report on Sunday, October 11th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Sonic Healthcare presently has an average rating of “Reduce”.

Sonic Healthcare Stock Up 1.8%

The company’s fifty day simple moving average is $13.48 and its two-hundred day simple moving average is $14.51.

Sonic Healthcare Company Profile

Sonic Healthcare Limited is an Australian healthcare company specializing in medical diagnostics. Its principal business is laboratory medicine, providing pathology and clinical testing services used to diagnose, monitor and manage a broad range of medical conditions. The company serves hospitals, physicians, healthcare organizations and patients through networks of medical laboratories and collection centers.

Sonic Healthcare also operates medical imaging businesses in selected markets and provides related healthcare services, including occupational health and primary care offerings in Australia.