Sonic Healthcare (OTCMKTS:SKHHY) Sees Unusually-High Trading Volume – Still a Buy?

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) saw strong trading volume on Thursday . Approximately 205,423 shares were traded during trading, an increase of 89% from the previous session’s volume of 108,823 shares.The stock last traded at $14.32 and had previously closed at $14.58.

Wall Street Analyst Weigh In

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

Sonic Healthcare Stock Performance

The company has a current ratio of 1.01, a quick ratio of 0.90 and a debt-to-equity ratio of 0.59. The stock’s fifty day moving average price is $14.09 and its 200 day moving average price is $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.