Sonic Healthcare (OTCMKTS:SKHHY) Stock Crosses Below Two Hundred Day Moving Average - Here's Why

Key Points

• Sonic Healthcare (SKHHY) fell below its 200‑day moving average, dipping as low as $13.7801 versus the 200‑day MA of $14.96 and last trading at $13.8610 on a volume of 76,889 shares (down ~0.2%).
• Analyst sentiment is weak: Citigroup downgraded the stock to a "strong sell", Zacks rates it a Hold, and MarketBeat shows a consensus rating of "Reduce" (one Hold, one Sell).

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY - Get Free Report) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.96 and traded as low as $13.7801. Sonic Healthcare shares last traded at $13.8610, with a volume of 76,889 shares.

Analyst Ratings Changes

SKHHY has been the topic of several research reports. Citigroup lowered Sonic Healthcare from a "hold" rating to a "strong sell" rating in a research note on Monday, January 26th. Zacks Research raised Sonic Healthcare to a "hold" rating in a research note on Friday, April 17th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Reduce".

Sonic Healthcare Trading Down 0.2%

The company has a 50 day moving average of $14.77 and a 200-day moving average of $14.96.

About Sonic Healthcare

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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