Ramsay Health Care (OTCMKTS:RMYHY) Reaches New 52-Week High – Should You Buy?

Ramsay Health Care Ltd. Unsponsored ADR (OTCMKTS:RMYHY)’s share price hit a new 52-week high during mid-day trading on Monday. The stock traded as high as $9.71 and last traded at $9.71, with a volume of 188 shares. The stock had previously closed at $9.6950.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded shares of Ramsay Health Care from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Ramsay Health Care Stock Performance

The firm has a 50 day moving average of $8.15 and a 200-day moving average of $7.43.

Ramsay Health Care Company Profile

Ramsay Health Care Limited is an Australian private healthcare provider that owns and operates hospitals, day-surgery facilities and other healthcare services. Its activities include acute medical and surgical care, rehabilitation, mental health services, specialist clinics and related outpatient services.

The company was founded in 1964 by Australian entrepreneur Paul Ramsay and has grown from a single hospital into an international healthcare group. Ramsay Health Care serves patients primarily in Australia, the United Kingdom and France, including through its investment in Ramsay Santé, a European hospital operator.