Sonic Healthcare (OTCMKTS:SKHHY) Sets New 52-Week Low – Here’s What Happened

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $13.00 and last traded at $13.30, with a volume of 50875 shares trading hands. The stock had previously closed at $13.30.

Wall Street Analysts Forecast Growth

SKHHY has been the subject of several recent analyst reports. Citigroup cut shares of Sonic Healthcare from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Zacks Research raised shares of Sonic Healthcare to a “hold” rating in a research note on Friday, April 17th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Sonic Healthcare Stock Down 1.4%

The stock’s 50 day simple moving average is $14.26 and its 200 day simple moving average is $14.93.

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.