Sonic Healthcare (OTCMKTS:SKHHY) Stock Price Crosses Below Two Hundred Day Moving Average - What's Next?

Key Points

• SKHHY slipped below its 200‑day moving average (200‑day MA $14.95), trading as low as $13.91 and last at $14.37 on volume of 151,147 shares—a technical bearish signal.
• Analyst sentiment has weakened: Citigroup downgraded the stock to a "strong sell" while Zacks moved it to "hold," leaving an average MarketBeat rating of "Reduce" (one Hold, one Sell).
• Company context: Sonic Healthcare is a large global medical diagnostics provider (pathology and radiology) whose ADRs trade OTC under the symbol SKHHY, which investors should consider alongside the technical and analyst signals.

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.95 and traded as low as $13.91. Sonic Healthcare shares last traded at $14.37, with a volume of 151,147 shares changing hands.

Analyst Ratings Changes

SKHHY has been the topic of a number of research analyst reports. Citigroup downgraded shares of Sonic Healthcare from a "hold" rating to a "strong sell" rating in a research note on Monday, January 26th. Zacks Research upgraded shares of Sonic Healthcare to a "hold" rating in a report on Friday, April 17th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Reduce".

Sonic Healthcare Price Performance

The company's 50-day simple moving average is $14.93 and its 200 day simple moving average is $14.95.

Sonic Healthcare Company Profile

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.

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.