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Sonic Healthcare (OTCMKTS:SKHHY) Shares Gap Down - Here's Why

Sonic Healthcare logo with Medical background
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Key Points

  • Sonic shares gapped down Monday, opening at $13.36 after a prior close of $13.97 and last trading around $13.86 on light volume (1,940 shares).
  • Citigroup downgraded the stock from a "hold" to a "strong sell" on Jan. 26, and the consensus analyst rating is currently "Sell".
  • The stock is trading below both its 50‑day ($15.22) and 200‑day ($14.93) moving averages, indicating technical weakness.
  • MarketBeat previews the top five stocks to own by May 1st.

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $13.97, but opened at $13.36. Sonic Healthcare shares last traded at $13.8592, with a volume of 1,940 shares.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut Sonic Healthcare from a "hold" rating to a "strong sell" rating in a research note on Monday, January 26th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of "Sell".

Get Our Latest Stock Report on SKHHY

Sonic Healthcare Stock Up 0.2%

The firm has a 50 day moving average price of $15.22 and a 200-day moving average price of $14.93.

About Sonic Healthcare

(Get Free Report)

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.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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