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Medical Facilities (TSE:DR) Stock Crosses Above 200-Day Moving Average - Here's Why

Medical Facilities logo with Medical background

Medical Facilities Co. (TSE:DR - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.20 and traded as high as C$15.65. Medical Facilities shares last traded at C$15.41, with a volume of 21,234 shares traded.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Report on DR

Medical Facilities Stock Performance

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 stock has a fifty day moving average price of C$15.43 and a two-hundred day moving average price of C$14.21. The company has a market capitalization of C$370.61 million, a price-to-earnings ratio of 14.01, a PEG ratio of 3.81 and a beta of 0.47.

Insider Buying and Selling

In related news, Senior Officer David Nathaniel Tait Watson sold 7,800 shares of the company'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 owns 100 shares of the company's stock, valued at approximately C$1,631. This represents a 98.73 % decrease in their ownership of the stock. Also, Director Yanick Blanchard sold 100,000 shares of Medical Facilities stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$15.93, for a total transaction of C$1,593,100.00. 0.43% of the stock is owned by company insiders.

About Medical Facilities

(Get Free Report)

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.

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