Medical Facilities (TSE:DR) Shares Pass Below 200-Day Moving Average of $9.40

Medical Facilities Co. (TSE:DRGet Rating)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$9.40 and traded as low as C$8.27. Medical Facilities shares last traded at C$8.30, with a volume of 11,444 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DR shares. National Bankshares cut their price objective on shares of Medical Facilities from C$11.00 to C$10.00 in a research note on Friday, November 11th. Leede Jones Gab cut shares of Medical Facilities from a “buy” rating to a “hold” rating in a research note on Friday, November 11th. Finally, Royal Bank of Canada cut their price objective on shares of Medical Facilities from C$11.00 to C$10.00 and set a “sector perform” rating for the company in a research note on Friday, November 11th.

Medical Facilities Stock Up 0.7 %

The firm has a market cap of C$214.45 million and a PE ratio of 23.43. The company has a debt-to-equity ratio of 79.56, a quick ratio of 1.51 and a current ratio of 1.80. The company’s 50-day simple moving average is C$7.95 and its two-hundred day simple moving average is C$9.40.

Medical Facilities (TSE:DRGet Rating) last announced its quarterly earnings results on Thursday, November 10th. The company reported C($0.46) earnings per share for the quarter. The business had revenue of C$133.31 million for the quarter, compared to analyst estimates of C$135.83 million. On average, analysts predict that Medical Facilities Co. will post 0.9200001 earnings per share for the current fiscal year.

Medical Facilities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 16th. Stockholders of record on Friday, December 30th were given a $0.08 dividend. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $0.32 annualized dividend and a dividend yield of 3.90%. Medical Facilities’s dividend payout ratio is 71.13%.

Medical Facilities Company Profile

(Get Rating)

Medical Facilities Corporation, through its subsidiaries, owns and operates specialty surgical hospitals and an ambulatory surgery center in the United States. The company's specialty surgical hospitals provide surgical, imaging, diagnostic, and other pain management procedures; and other ancillary services, such as urgent care and occupational health.

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