Medical Facilities (TSE:DR) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Medical Facilities Co. (TSE:DR)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Analysts Set New Price Targets

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

Medical Facilities Stock Performance

The company’s 50-day simple moving average is C$15.43 and its 200-day simple moving average is C$14.21. The stock has a market capitalization of C$370.61 million, a price-to-earnings ratio of 14.01, a PEG ratio of 3.81 and a beta of 0.47. The company has a current ratio of 1.15, a quick ratio of 1.51 and a debt-to-equity ratio of 86.99.

Insider Activity at Medical Facilities

In other Medical Facilities 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 transaction of C$127,218.00. Following the completion of the sale, the insider now directly owns 100 shares in the company, valued at approximately C$1,631. This trade 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 stock was 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.

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.