Sonic Healthcare (OTCMKTS:SKHHY) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.97 and traded as low as $13.91. Sonic Healthcare shares last traded at $14.2252, with a volume of 236,344 shares.

Wall Street Analyst Weigh In

Separately, Citigroup downgraded Sonic Healthcare from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $32.20.

Sonic Healthcare Stock Performance

The business’s 50-day moving average price is $15.49 and its two-hundred day moving average price is $14.96.

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.