Ramsay Health Care (OTCMKTS:RMYHY) Stock Price Up 1.4% – Here’s Why

Ramsay Health Care Ltd. Unsponsored ADR (OTCMKTS:RMYHY) traded up 1.4% during trading on Wednesday . The company traded as high as $5.63 and last traded at $5.63. 300 shares were traded during trading, an increase of 28,471% from the average session volume of 1 shares. The stock had previously closed at $5.55.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised shares of Ramsay Health Care to a “hold” rating in a research report on Monday, October 6th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Ramsay Health Care presently has a consensus rating of “Hold”.

Ramsay Health Care Trading Up 1.4%

The business has a 50-day moving average of $5.20 and a 200-day moving average of $5.55.

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.