Medical Facilities (TSE:DR) Reaches New 1-Year Low at $4.35

Shares of Medical Facilities Corp (TSE:DR) reached a new 52-week low during trading on Wednesday . The company traded as low as C$4.35 and last traded at C$4.44, with a volume of 209258 shares traded. The stock had previously closed at C$4.59.

Several equities research analysts have issued reports on the stock. TD Securities downgraded shares of Medical Facilities from a “buy” rating to a “hold” rating and cut their price objective 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 Medical Facilities from C$8.50 to C$5.50 and set a “sector perform” rating on the stock in a research report on Monday, November 11th. Finally, Royal Bank of Canada downgraded Medical Facilities from a “sector perform” rating to an “underperform” rating and decreased their target price for the company from C$10.00 to C$5.00 in a research report on Friday, November 8th.

The firm has a market capitalization of $138.11 million and a P/E ratio of -6.79. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 145.15. The business’s 50 day moving average is C$6.12 and its 200-day moving average is C$9.18.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.047 per share. This represents a $0.19 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend is Monday, December 30th. Medical Facilities’s payout ratio is -130.01%.

About Medical Facilities (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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