Medical Facilities (TSE:DR) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Medical Facilities Co. (TSE:DR)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$14.31 and traded as high as C$15.87. Medical Facilities shares last traded at C$15.74, with a volume of 22,961 shares changing hands.

Wall Street Analyst Weigh In

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 debt-to-equity ratio of 86.99, a quick ratio of 1.51 and a current ratio of 1.15. The firm has a 50 day moving average price of C$15.54 and a two-hundred day moving average price of C$14.31. The company has a market capitalization of C$378.55 million, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 3.81 and a beta of 0.47.

Insider Activity at Medical Facilities

In other news, Director Yanick Blanchard sold 100,000 shares of Medical Facilities stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$15.93, for a total value of C$1,593,100.00. Also, Senior Officer David Nathaniel Tait Watson sold 7,800 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of C$16.31, for a total value of C$127,218.00. Following the sale, the insider now owns 100 shares in the company, valued at approximately C$1,631. This trade represents a 98.73 % decrease in their ownership of the stock. 0.43% of the stock is owned by insiders.

About Medical Facilities

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.