Medical Facilities (TSE:DR) Sets New 12-Month High – Still a Buy?

Medical Facilities Co. (TSE:DR)’s stock price reached a new 52-week high on Monday . The company traded as high as C$17.45 and last traded at C$17.16, with a volume of 115864 shares changing hands. The stock had previously closed at C$17.03.

Analyst Upgrades and Downgrades

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

Medical Facilities Price Performance

The firm has a market capitalization of C$278.37 million, a PE ratio of 11.45, a P/E/G ratio of 3.81 and a beta of 0.47. The firm’s fifty day moving average price is C$16.18 and its 200 day moving average price is C$15.03. The company has a current ratio of 1.15, a quick ratio of 1.51 and a debt-to-equity ratio of 126.06.

Insiders Place Their Bets

In related news, Senior Officer David Nathaniel Tait Watson sold 7,800 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 100 shares in the company, valued at C$1,631. The trade was a 98.73 % decrease in their position. 0.43% of the stock is owned by 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.