Medical Facilities (TSE:DR) Sets New 52-Week High – Here’s What Happened

Medical Facilities Co. (TSE:DR) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$17.00 and last traded at C$16.54, with a volume of 66366 shares. The stock had previously closed at C$16.59.

Wall Street Analyst Weigh In

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

Medical Facilities Stock Up 2.7 %

The firm has a market capitalization of C$407.41 million, a PE ratio of 15.40, a P/E/G ratio of 3.81 and a beta of 0.47. The company has a quick ratio of 1.51, a current ratio of 1.15 and a debt-to-equity ratio of 86.99. The firm’s 50 day moving average price is C$15.92 and its two-hundred day moving average price is C$14.81.

Medical Facilities (TSE:DR) last announced its earnings results on Thursday, November 7th. The company reported C$0.41 earnings per share for the quarter. Medical Facilities had a return on equity of 48.07% and a net margin of 4.43%. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. As a group, research analysts forecast that Medical Facilities Co. will post 1.2376837 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Yanick Blanchard sold 100,000 shares of Medical Facilities stock in a transaction dated 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 company’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 approximately 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.