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Sonic Healthcare (OTCMKTS:SKHHY) Stock Crosses Above 50-Day Moving Average - Here's Why

Sonic Healthcare logo with Medical background

Sonic Healthcare Limited (OTCMKTS:SKHHY - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $16.50 and traded as high as $16.53. Sonic Healthcare shares last traded at $16.05, with a volume of 22,323 shares.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SKHHY. Morgan Stanley set a $28.10 price objective on Sonic Healthcare in a research note on Wednesday, March 19th. The Goldman Sachs Group upgraded Sonic Healthcare to a "strong-buy" rating in a research report on Friday, April 4th.

Get Our Latest Stock Analysis on SKHHY

Sonic Healthcare Trading Up 1.3 %

The business's 50-day moving average price is $16.40 and its 200 day moving average price is $17.26.

Sonic Healthcare Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 6th were given a $0.2816 dividend. The ex-dividend date was Thursday, March 6th.

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.

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