Ramsay Health Care (OTCMKTS:RMYHY) Hits New 52-Week High – Still a Buy?

Shares of Ramsay Health Care Ltd. Unsponsored ADR (OTCMKTS:RMYHY) reached a new 52-week high during mid-day trading on Friday. The company traded as high as $9.91 and last traded at $9.91, with a volume of 108 shares trading hands. The stock had previously closed at $9.27.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Ramsay Health Care from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Ramsay Health Care presently has a consensus rating of “Moderate Buy”.

Ramsay Health Care Trading Up 6.9%

The firm has a 50-day simple moving average of $8.59 and a 200 day simple moving average of $7.61.

Ramsay Health Care Company Profile

Ramsay Health Care Limited is an Australian-based healthcare provider that operates private hospitals and related medical facilities. Its services include acute and elective surgery, specialist medical care, rehabilitation, mental health treatment, day surgery and other hospital-based services. The company works with medical practitioners, health insurers and public health systems to deliver care across a range of clinical specialties.

Founded in 1964 by Australian businessman Paul Ramsay, the company has expanded from its original hospital operations in Australia into an international healthcare group.