Medical Facilities (TSE:DR) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Medical Facilities Co. (TSE:DR)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$14.20 and traded as high as C$15.65. Medical Facilities shares last traded at C$15.41, with a volume of 21,234 shares trading hands.

Wall Street Analysts Forecast Growth

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 Performance

The company has a debt-to-equity ratio of 86.99, a quick ratio of 1.51 and a current ratio of 1.15. The stock has a market cap of C$370.61 million, a PE ratio of 14.01, a P/E/G ratio of 3.81 and a beta of 0.47. The business’s fifty day moving average price is C$15.42 and its 200-day moving average price is C$14.20.

Insider Activity

In other news, Director Yanick Blanchard sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was 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 the business’s stock in a transaction that occurred 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 transaction, the insider now 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. 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.