Ramsay Health Care (OTCMKTS:RMYHY) Shares Gap Down - Here's Why

Key Points

• Ramsay Health Care's shares gapped down sharply at the market opening, from a previous close of $5.51 to an opening price of $5.08, with a trading volume of 479 shares.
• Canaccord Genuity Group upgraded Ramsay Health Care to a "hold" rating, contributing to its current consensus rating of "Hold" among analysts.
• The company announced a dividend of $0.0522 per share, resulting in a significant dividend yield of 180.0%, with the dividend paid on October 10th.

Ramsay Health Care Ltd. Unsponsored ADR (OTCMKTS:RMYHY - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $5.51, but opened at $5.08. Ramsay Health Care shares last traded at $5.08, with a volume of 479 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upgraded Ramsay Health Care to a "hold" rating in a research report on Monday, October 6th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of "Hold".

Ramsay Health Care Stock Performance

The company has a 50-day simple moving average of $5.57 and a 200-day simple moving average of $5.59.

Ramsay Health Care Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, October 10th. Shareholders of record on Tuesday, September 9th were given a dividend of $0.0522 per share. This represents a dividend yield of 180.0%. The ex-dividend date was Monday, September 8th.

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.

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