Sonic Healthcare (OTCMKTS:SKHHY) Hits New 1-Year Low – What’s Next?

Sonic Healthcare Limited (OTCMKTS:SKHHY)’s stock price reached a new 52-week low on Monday . The stock traded as low as $14.47 and last traded at $14.73, with a volume of 113624 shares traded. The stock had previously closed at $15.62.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SKHHY. The Goldman Sachs Group upgraded shares of Sonic Healthcare to a “strong-buy” rating in a research report on Friday. Morgan Stanley set a $28.10 target price on Sonic Healthcare in a report on Wednesday, March 19th.

Sonic Healthcare Stock Down 5.7 %

The company has a fifty day simple moving average of $17.10 and a 200-day simple moving average of $17.54.

Sonic Healthcare Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 6th were issued a $0.2816 dividend. The ex-dividend date was Thursday, March 6th.

About Sonic Healthcare

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.