Medical Facilities (TSE:DR) Sets New 1-Year High – Time to Buy?

Medical Facilities Co. (TSE:DR)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as C$16.87 and last traded at C$16.50, with a volume of 176817 shares traded. The stock had previously closed at C$15.50.

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 Trading Up 7.8 %

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’s 50 day moving average is C$15.66 and its 200-day moving average is C$14.42. The company has a market cap of C$401.88 million, a PE ratio of 15.19, a P/E/G ratio of 3.81 and a beta of 0.47.

Insider Activity

In other news, Senior Officer David Nathaniel Tait Watson sold 7,800 shares of the 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 sale, 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 dated 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. Corporate insiders own 0.43% of the company’s stock.

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.