Ramsay Health Care (OTCMKTS:RMYHY) Sets New 52-Week High – Time to Buy?

Ramsay Health Care Ltd. Unsponsored ADR (OTCMKTS:RMYHY) shares reached a new 52-week high during trading on Thursday . The company traded as high as $6.83 and last traded at $6.83, with a volume of 110 shares traded. The stock had previously closed at $6.26.

Wall Street Analyst Weigh In

Separately, Morgan Stanley lowered Ramsay Health Care to an “underweight” rating in a research report on Monday, January 26th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Ramsay Health Care Price Performance

The company’s fifty day simple moving average is $6.15 and its two-hundred day simple moving average is $5.64.

About Ramsay Health Care

Ramsay Health Care is a leading global hospital and healthcare services provider headquartered in Sydney, Australia. Founded in 1964 by Paul Ramsay, the company has grown from a single private hospital to one of the world’s largest operators of private acute care facilities. Over the decades, Ramsay has expanded its capabilities to include a diverse portfolio of medical services, including surgical procedures, diagnostic imaging, rehabilitation therapies, subacute care and mental health programs.

The company’s core business revolves around the ownership, management and operation of acute care hospitals, medical centres and day surgery facilities.