Medical Facilities (TSE:DR) Reaches New 12-Month High – Here’s What Happened

Shares of Medical Facilities Co. (TSE:DR) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$17.15 and last traded at C$16.95, with a volume of 85863 shares traded. The stock had previously closed at C$17.05.

Wall Street Analysts Forecast Growth

Separately, Leede Financial cut shares of Medical Facilities from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th.

Medical Facilities Stock Performance

The company has a market cap of C$276.58 million, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 3.81 and a beta of 0.47. The stock’s fifty day simple moving average is C$16.07 and its two-hundred day simple moving average is C$14.95. The company has a debt-to-equity ratio of 126.06, a quick ratio of 1.51 and a current ratio of 1.15.

Insider Buying and Selling at Medical Facilities

In other Medical Facilities news, Senior Officer David Nathaniel Tait Watson sold 7,800 shares of Medical Facilities stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of C$16.31, for a total value of C$127,218.00. Following the transaction, the insider now owns 100 shares in the company, valued at C$1,631. This trade represents a 98.73 % decrease in their position. 0.43% of the stock is owned by company insiders.

Medical Facilities Company Profile

Medical Facilities Corp owns a diverse portfolio of surgical facilities in the United States. Through its wholly-owned subsidiaries, the company owns controlling interests in four specialty hospitals and six ambulatory surgery centers. The hospitals offer a range of non-emergency surgical, imaging, diagnostic and pain management procedures, and other ancillary services.