Sonic Healthcare (OTCMKTS:SKHHY) Reaches New 1-Year Low – Time to Sell?

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $12.96 and last traded at $14.02, with a volume of 6425 shares traded. The stock had previously closed at $13.32.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Sonic Healthcare to a “hold” rating in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Sonic Healthcare Price Performance

The stock’s 50 day moving average price is $14.01 and its two-hundred day moving average price is $14.91.

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.