Ramsay Health Care Ltd. Unsponsored ADR (OTCMKTS:RMYHY – Get Free Report)’s share price gapped up prior to trading on Friday after The Goldman Sachs Group upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $7.2520, but opened at $9.55. Ramsay Health Care shares last traded at $9.55, with a volume of 519 shares trading hands.
Ramsay Health Care Stock Performance
The firm has a 50-day moving average price of $7.41 and a 200-day moving average price of $7.08.
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.
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