Sonic Healthcare (OTCMKTS:SKHHY) Sees Strong Trading Volume – Should You Buy?

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) shares saw an uptick in trading volume on Monday . Approximately 161,712 shares traded hands during mid-day trading, an increase of 49% from the previous session’s volume of 108,777 shares.The stock last traded at $15.61 and had previously closed at $15.70.

Wall Street Analyst Weigh In

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

Sonic Healthcare Stock Performance

The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.90 and a current ratio of 1.01. The firm has a 50 day moving average of $14.54 and a 200-day moving average of $14.73.

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.