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Sonic Healthcare (OTCMKTS:SKHHY) Sees Strong Trading Volume - Still a Buy?

Sonic Healthcare logo with Medical background

Key Points

  • Sonic Healthcare shares experienced a significant increase in trading volume, reaching 148,462 shares on Tuesday, up 109% from the previous session.
  • The company announced a dividend of $0.3643 per share, resulting in a remarkable dividend yield of 391.0%, with the payment date set for September 29th.
  • The current stock price is $15.03, with a 50-day simple moving average of $17.43 and a 200-day simple moving average of $17.00.
  • MarketBeat previews top five stocks to own in October.

Shares of Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY - Get Free Report) saw strong trading volume on Tuesday . 148,462 shares changed hands during mid-day trading, an increase of 109% from the previous session's volume of 70,935 shares.The stock last traded at $15.03 and had previously closed at $15.05.

Sonic Healthcare Price Performance

The company's 50-day simple moving average is $17.43 and its two-hundred day simple moving average is $17.00.

Sonic Healthcare Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, September 5th will be given a dividend of $0.3643 per share. This represents a dividend yield of 391.0%. The ex-dividend date is Thursday, September 4th.

About Sonic Healthcare

(Get Free Report)

Sonic Healthcare Limited offers medical diagnostic services to medical practitioners, hospitals, community health services, and their collective patients. The company provides laboratory medicine/pathology testing services, such as biochemistry, cytopathology, genetics, haematology, histopathology, immunoserology, microbiology, molecular pathology, prenatal testing, toxicology, and ancillary functions; and radiology services, including magnetic resonance imaging, computed tomography (CT), ultrasound, X-ray, mammography, nuclear medicine, PET CT, interventional procedures, and bone mineral densitometry.

Further Reading

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