Ramsay Health Care (OTCMKTS:RMYHY) Hits New 1-Year High – Here’s Why

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

Analyst Ratings Changes

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

Ramsay Health Care Price Performance

The business has a 50 day moving average price of $6.09 and a 200 day moving average price of $5.63.

Ramsay Health Care Company Profile

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.