Medical Facilities (TSE:DR) Hits New 1-Year High – Here’s Why

Medical Facilities Co. (TSE:DR)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$17.00 and last traded at C$16.54, with a volume of 66366 shares trading hands. The stock had previously closed at C$16.59.

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 Price Performance

The firm has a market capitalization of C$398.99 million, a price-to-earnings ratio of 15.08, a P/E/G ratio of 3.81 and a beta of 0.47. The firm has a fifty day moving average price of C$15.88 and a 200 day moving average price of C$14.76. 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 posted its quarterly earnings data 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 company earned ($0.01) EPS. Sell-side analysts anticipate that Medical Facilities Co. will post 1.2376837 EPS for the current fiscal year.

Insider Transactions at Medical Facilities

In other Medical Facilities news, Senior Officer David Nathaniel Tait Watson sold 7,800 shares of Medical Facilities stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of C$16.31, for a total transaction of C$127,218.00. Following the completion of the sale, the insider now owns 100 shares of the company’s stock, valued at approximately C$1,631. The trade was a 98.73 % decrease in their position. Also, Director Yanick Blanchard sold 100,000 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$15.93, for a total value of C$1,593,100.00. 0.43% of the stock is owned by company 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.