Medical Facilities (TSE:DR) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Medical Facilities Co. (TSE:DR)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$15.32 and traded as high as C$17.29. Medical Facilities shares last traded at C$16.85, with a volume of 225,546 shares trading hands.

Medical Facilities Stock Performance

The firm has a fifty day simple moving average of C$16.58 and a 200-day simple moving average of C$15.32. The company has a market cap of C$274.14 million, a PE ratio of 11.28, a price-to-earnings-growth ratio of 3.81 and a beta of 0.47. The company has a quick ratio of 1.51, a current ratio of 1.15 and a debt-to-equity ratio of 126.06.

Insider Buying and Selling

In other news, Senior Officer David Nathaniel Tait Watson sold 7,800 shares of Medical Facilities stock in a transaction that occurred 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 directly owns 100 shares in the company, valued at approximately C$1,631. This trade represents a 98.73 % decrease in their position. Corporate 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.