Ramsay Health Care (OTCMKTS:RMYHY) Sets New 1-Year High – Time to Buy?

Shares of Ramsay Health Care Ltd. Unsponsored ADR (OTCMKTS:RMYHYGet Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $9.6950 and last traded at $9.6950, with a volume of 129 shares trading hands. The stock had previously closed at $7.8850.

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 research note on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Ramsay Health Care currently has a consensus rating of “Hold”.

Get Our Latest Analysis on RMYHY

Ramsay Health Care Stock Performance

The stock has a 50-day moving average price of $7.81 and a two-hundred day moving average price of $7.29.

About Ramsay Health Care

(Get Free Report)

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.

Further Reading

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