Ramsay Health Care (OTCMKTS:RMYHY) Stock Price Down 2.3% – Here’s Why

Ramsay Health Care Limited (OTCMKTS:RMYHY)’s share price was down 2.3% during trading on Monday . The company traded as low as $5.38 and last traded at $5.38. Approximately 1,213 shares traded hands during trading, an increase of 70% from the average daily volume of 712 shares. The stock had previously closed at $5.51.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada cut shares of Ramsay Health Care from a “moderate buy” rating to a “hold” rating in a research note on Friday, March 14th.

Ramsay Health Care Stock Performance

The company’s 50-day moving average is $5.33 and its 200-day moving average is $6.12.

Ramsay Health Care Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 10th will be given a dividend of $0.063 per share. The ex-dividend date is Monday, March 10th. This is a boost from Ramsay Health Care’s previous dividend of $0.05.

About Ramsay Health Care

Ramsay Health Care Limited owns and operates hospitals. The company offers health care services to public and private patients. It operates facilities in approximately 530 locations in the Asia Pacific, the United Kingdom, France, and Nordics. Ramsay Health Care Limited was founded in 1964 and is based in Sydney, Australia.