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

Medical Facilities Co. (TSE:DR) hit a new 52-week high on Friday . The stock 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 Analyst Weigh In

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

Medical Facilities Stock Performance

The company has a debt-to-equity ratio of 86.99, a current ratio of 1.15 and a quick ratio of 1.51. The stock has a fifty day moving average price of C$15.62 and a two-hundred day moving average price of C$14.39. The company has a market cap of C$401.64 million, a P/E ratio of 15.18, a PEG ratio of 3.81 and a beta of 0.47.

Insider Activity at Medical Facilities

In other news, Director Yanick Blanchard sold 100,000 shares of the company’s stock in a transaction on 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 Medical Facilities stock in a transaction dated Wednesday, December 18th. The stock was 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 in the company, valued at approximately C$1,631. The trade was 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.