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

Key Points

• Sonic Healthcare experienced an unusual trading volume on Monday, with 169,669 shares traded, representing a 105% increase from the previous session.
• The company's dividend yield is 391.0%, with a payment of $0.3643 per share to be issued on September 29th to shareholders of record as of September 5th.
• Sonic Healthcare's stock closed at $13.92, which matches its last traded price, while its 50-day and 200-day moving averages are $16.56 and $16.76, respectively.

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY - ) shares saw strong trading volume on Monday . 169,669 shares changed hands during mid-day trading, an increase of 105% from the previous session's volume of 82,616 shares.The stock last traded at $13.92 and had previously closed at $13.92.

Sonic Healthcare Stock Performance

The business's 50-day moving average is $16.56 and its two-hundred day moving average is $16.76. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.17 and a quick ratio of 1.07.

Sonic Healthcare Dividend Announcement

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

About Sonic Healthcare

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.

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