Ramsay Health Care (OTCMKTS:RMYHY) Hits New 12-Month High – Here’s Why

Ramsay Health Care Ltd. Unsponsored ADR (OTCMKTS:RMYHY – Get Free Report) reached a new 52-week high 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 Analyst Weigh In

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

View Our Latest Stock Report on Ramsay Health Care

Ramsay Health Care Trading Up 6.9%

The firm has a fifty day moving average of $8.59 and a two-hundred day moving average of $7.61.

About Ramsay Health Care

(Get Free Report)

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.

Further Reading

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