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 mid-day trading on Tuesday . The company traded as high as C$17.15 and last traded at C$16.95, with a volume of 85863 shares changing hands. The stock had previously closed at C$17.05.

Analysts Set New Price Targets

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

Medical Facilities Stock Performance

The company has a current ratio of 1.15, a quick ratio of 1.51 and a debt-to-equity ratio of 126.06. The stock’s 50 day moving average price is C$16.07 and its two-hundred day moving average price is C$14.95. The firm has a market capitalization of C$276.58 million, a PE ratio of 11.38, a PEG ratio of 3.81 and a beta of 0.47.

Insider Transactions at Medical Facilities

In other news, Senior Officer David Nathaniel Tait Watson sold 7,800 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of C$16.31, for a total transaction of C$127,218.00. Following the completion of the transaction, the insider now directly owns 100 shares of the company’s stock, valued at C$1,631. This trade represents a 98.73 % decrease in their position. Corporate insiders own 0.43% of the company’s stock.

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.