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

Medical Facilities Co. (TSE:DR) hit a new 52-week high on Friday . The company traded as high as C$16.87 and last traded at C$16.50, with a volume of 176817 shares changing hands. The stock had previously closed at C$15.50.

Analysts Set New Price Targets

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

Medical Facilities Stock Performance

The firm’s fifty day moving average price is C$15.66 and its 200 day moving average price is C$14.42. The firm has a market cap of C$401.88 million, a P/E ratio of 15.19, a price-to-earnings-growth ratio of 3.81 and a beta of 0.47. The company has a debt-to-equity ratio of 86.99, a quick ratio of 1.51 and a current ratio of 1.15.

Insider Buying and Selling

In related news, Director Yanick Blanchard sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of C$15.93, for a total transaction of C$1,593,100.00. Also, Senior Officer David Nathaniel Tait Watson sold 7,800 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was 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 owns 100 shares of the company’s stock, valued at C$1,631. This represents a 98.73 % decrease in their ownership of the stock. 0.43% of the stock is currently 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.