Sonic Healthcare (OTCMKTS:SKHHY) Shares Up 5.2% – Still a Buy?

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) shares shot up 5.2% during mid-day trading on Friday . The stock traded as high as $14.34 and last traded at $14.0440. 13,914 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 113,366 shares. The stock had previously closed at $13.35.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised 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 company. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Sonic Healthcare Trading Down 0.9%

The stock’s fifty day simple moving average is $13.90 and its two-hundred day simple moving average is $14.90.

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.