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

Medical Facilities Co. (TSE:DR)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$14.08 and traded as high as C$15.83. Medical Facilities shares last traded at C$15.71, with a volume of 28,030 shares traded.

Analysts Set New Price Targets

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

Medical Facilities Trading Up 1.3 %

The company’s 50 day simple moving average is C$15.35 and its two-hundred day simple moving average is C$14.12. 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$377.83 million, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 3.81 and a beta of 0.47.

Insiders Place Their Bets

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 sale, the insider now owns 100 shares in the company, valued at C$1,631. The trade was a 98.73 % decrease in their ownership of the stock. Also, Director Yanick Blanchard sold 100,000 shares of the firm’s stock in a transaction that occurred 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. 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.