Medical Facilities (TSE:DR) Hits New 1-Year High – Should You Buy?

Medical Facilities Co. (TSE:DR)’s stock price reached a new 52-week high during mid-day trading on Monday . The company 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 cut Medical Facilities from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th.

Medical Facilities Stock Down 0.9 %

The company has a current ratio of 1.15, a quick ratio of 1.51 and a debt-to-equity ratio of 126.06. The firm’s 50 day moving average price is C$16.36 and its two-hundred day moving average price is C$15.17. The company has a market capitalization of C$288.46 million, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 3.81 and a beta of 0.47.

Insiders Place Their Bets

In other news, Senior Officer David Nathaniel Tait Watson sold 7,800 shares of the stock in a transaction dated Wednesday, December 18th. The shares were 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 of the company’s stock, valued at C$1,631. This represents a 98.73 % decrease in their ownership of the stock. Company insiders own 0.43% of the company’s stock.

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.