Medical Facilities (TSE:DR) Shares Pass Below Two Hundred Day Moving Average of $13.16

Medical Facilities Corp (TSE:DR)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.16 and traded as low as $7.51. Medical Facilities shares last traded at $7.75, with a volume of 96,231 shares traded.

A number of research analysts have issued reports on DR shares. TD Securities lowered shares of Medical Facilities from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$18.50 to C$10.50 in a research report on Friday, August 9th. National Bank Financial decreased their target price on shares of Medical Facilities from C$14.00 to C$10.50 and set a “sector perform” rating on the stock in a research report on Friday, August 9th. Finally, Royal Bank of Canada decreased their target price on shares of Medical Facilities from C$14.00 to C$11.00 and set a “sector perform” rating on the stock in a research report on Friday, August 9th.

The stock’s 50-day simple moving average is C$8.77 and its 200-day simple moving average is C$13.11. The stock has a market cap of $244.18 million and a price-to-earnings ratio of -30.61. The company has a current ratio of 1.14, a quick ratio of 0.99 and a debt-to-equity ratio of 140.02.

Medical Facilities (TSE:DR) last announced its earnings results on Thursday, August 8th. The company reported C($0.62) earnings per share (EPS) for the quarter. The business had revenue of C$135.09 million for the quarter, compared to analysts’ expectations of C$140.10 million. On average, equities research analysts forecast that Medical Facilities Corp will post 0.42 earnings per share for the current year.

The company also recently declared a monthly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were issued a dividend of $0.094 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 14.01%. The ex-dividend date of this dividend was Tuesday, July 30th. Medical Facilities’s dividend payout ratio (DPR) is presently -323.50%.

Medical Facilities Company Profile (TSE:DR)

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 scheduled surgical, imaging, diagnostic, and other pain management procedures; and other ancillary services, such as urgent care and occupational health.

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