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Sonic Healthcare (OTCMKTS:SKHHY) Stock Price Passes Above Fifty Day Moving Average - Here's Why

Sonic Healthcare logo with Medical background

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY - Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $17.38 and traded as high as $18.26. Sonic Healthcare shares last traded at $17.78, with a volume of 89,598 shares.

Wall Street Analysts Forecast Growth

SKHHY has been the subject of several analyst reports. The Goldman Sachs Group upgraded Sonic Healthcare to a "strong-buy" rating in a research note on Friday, April 4th. Morgan Stanley set a $28.10 target price on Sonic Healthcare in a research note on Wednesday, March 19th.

Read Our Latest Report on SKHHY

Sonic Healthcare Stock Down 0.6%

The firm has a fifty day simple moving average of $17.38 and a two-hundred day simple moving average of $17.07.

Sonic Healthcare Company Profile

(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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