Medical Facilities (TSE:DR) Hits New 1-Year High - Here's Why

Medical Facilities Co. (TSE:DR - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as C$17.97 and last traded at C$17.71, with a volume of 38137 shares changing hands. The stock had previously closed at C$17.90.

Analyst Ratings Changes

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 Up 0.2 %

The stock has a 50-day moving average price of C$16.51 and a 200-day moving average price of C$15.27. The company has a debt-to-equity ratio of 126.06, a current ratio of 1.15 and a quick ratio of 1.51. The company has a market capitalization of C$281.47 million, a P/E ratio of 11.58, a P/E/G ratio of 3.81 and a beta of 0.47.

Insider Activity at Medical Facilities

In other news, Senior Officer David Nathaniel Tait Watson sold 7,800 shares of the company's stock in a transaction dated 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 transaction, the insider now owns 100 shares in the company, valued at approximately C$1,631. This represents a 98.73 % decrease in their ownership of the stock. 0.43% of the stock is owned by corporate 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.