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

Medical Facilities Co. (TSE:DR - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.55 and traded as high as C$16.55. Medical Facilities shares last traded at C$16.47, with a volume of 37,751 shares.

Wall Street Analysts Forecast Growth

Separately, Leede Financial lowered Medical Facilities from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 7th.

Medical Facilities Stock Down 0.2 %

The stock has a market cap of C$396.10 million, a P/E ratio of 14.97, a PEG ratio of 3.81 and a beta of 0.47. The stock's fifty day simple moving average is C$15.78 and its 200-day simple moving average is C$14.55. The company has a debt-to-equity ratio of 86.99, a current ratio of 1.15 and a quick ratio of 1.51.

Medical Facilities (TSE:DR - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported C$0.41 EPS for the quarter. Medical Facilities had a net margin of 4.43% and a return on equity of 48.07%. During the same quarter in the prior year, the business posted ($0.01) EPS. On average, research analysts anticipate that Medical Facilities Co. will post 1.2376837 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Yanick Blanchard sold 100,000 shares of the firm's 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 Medical Facilities stock in a transaction 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 directly owns 100 shares of the company's stock, 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 currently owned by corporate 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.