Sonic Healthcare (OTCMKTS:SKHHY) Shares Gap Up – Here’s Why

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) gapped up before the market opened on Thursday. The stock had previously closed at $13.20, but opened at $13.63. Sonic Healthcare shares last traded at $13.30, with a volume of 13,054 shares changing hands.

Analyst Ratings Changes

A number of brokerages have commented on SKHHY. Zacks Research upgraded shares of Sonic Healthcare from a “strong sell” rating to a “hold” rating in a report on Monday. The Goldman Sachs Group downgraded shares of Sonic Healthcare from a “buy” rating to a “hold” rating in a research report on Sunday, October 11th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Sonic Healthcare Trading Up 0.8%

The business has a 50-day moving average price of $13.82 and a 200-day moving average price of $14.14.

About Sonic Healthcare

Sonic Healthcare Limited is an Australian healthcare company specializing in medical diagnostics. Its principal business is laboratory medicine, providing pathology and clinical testing services used to diagnose, monitor and manage a broad range of medical conditions. The company serves hospitals, physicians, healthcare organizations and patients through networks of medical laboratories and collection centers.

Sonic Healthcare also operates medical imaging businesses in selected markets and provides related healthcare services, including occupational health and primary care offerings in Australia.