Sonic Healthcare (OTCMKTS:SKHHY) Stock Price Down 8.5% – Time to Sell?

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY)’s share price dropped 8.5% during mid-day trading on Friday . The stock traded as low as $15.67 and last traded at $15.67. Approximately 375 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 107,941 shares. The stock had previously closed at $17.12.

Analyst Ratings Changes

Separately, Zacks Research lowered Sonic Healthcare from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 22nd. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Sonic Healthcare Price Performance

The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.90. The firm’s 50-day moving average price is $14.94 and its two-hundred day moving average price is $14.72.

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.