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Sonic Healthcare (OTCMKTS:SKHHY) Sees Large Volume Increase - Time to Buy?

Sonic Healthcare logo with Medical background

Shares of Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY - Get Free Report) saw unusually-high trading volume on Monday . Approximately 273,378 shares traded hands during trading, an increase of 418% from the previous session's volume of 52,803 shares.The stock last traded at $17.00 and had previously closed at $17.01.

Analysts Set New Price Targets

SKHHY has been the topic of several recent research reports. The Goldman Sachs Group raised shares of Sonic Healthcare to a "strong-buy" rating in a report on Friday, April 4th. Morgan Stanley set a $28.10 target price on shares of Sonic Healthcare in a report on Wednesday, March 19th.

View Our Latest Stock Report on Sonic Healthcare

Sonic Healthcare Trading Up 3.5%

The company's 50-day simple moving average is $17.02 and its two-hundred day simple moving average is $17.05.

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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