Medical Facilities (TSE:DR) Hits New 1-Year High – Should You Buy?

Medical Facilities Co. (TSE:DR) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$17.00 and last traded at C$16.54, with a volume of 66366 shares changing 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 report on Thursday, November 7th.

Medical Facilities Stock Performance

The stock has a market cap of C$407.41 million, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 3.81 and a beta of 0.47. The company’s 50-day simple moving average is C$15.92 and its 200-day simple moving average is C$14.81. The company has a quick ratio of 1.51, a current ratio of 1.15 and a debt-to-equity ratio of 86.99.

Medical Facilities (TSE:DR) last issued its earnings results on Thursday, November 7th. The company reported C$0.41 earnings per share (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 in the previous year, the business posted ($0.01) EPS. Analysts predict that Medical Facilities Co. will post 1.2376837 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer David Nathaniel Tait Watson sold 7,800 shares of the 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 completion of the sale, the insider now directly owns 100 shares of the company’s stock, valued at approximately C$1,631. This represents a 98.73 % decrease in their position. Also, Director Yanick Blanchard sold 100,000 shares of Medical Facilities stock in a transaction dated 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 currently 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.