Medical Facilities (TSE:DR) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Medical Facilities Co. (TSE:DR)’s share price crossed 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 traded.

Wall Street Analyst Weigh In

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

Medical Facilities Price Performance

The business has a 50-day simple moving average of C$15.78 and a 200 day simple moving average of C$14.55. The stock has a market cap of C$396.10 million, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 3.81 and a beta of 0.47. The company has a current ratio of 1.15, a quick ratio of 1.51 and a debt-to-equity ratio of 86.99.

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

Insider Activity at Medical Facilities

In related news, Director Yanick Blanchard sold 100,000 shares of the company’s stock in a transaction that occurred on 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 company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 100 shares in the company, 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 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.