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

Medical Facilities Co. (TSE:DR – Get Rating) crossed below its 200-day moving average during trading on Monday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

DR has been the subject of a number of research analyst reports. Leede Jones Gab lowered shares of Medical Facilities from a “buy” rating to a “hold” rating in a research note on Friday, November 11th. National Bankshares reduced their price objective on shares of Medical Facilities from C$11.00 to C$10.00 in a research note on Friday, November 11th. Finally, Royal Bank of Canada reduced 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 Performance

The company has a market capitalization of C$214.45 million and a price-to-earnings ratio of 23.43. The stock’s 50 day moving average price is C$7.95 and its 200 day moving average price is C$9.40. The company has a current ratio of 1.80, a quick ratio of 1.51 and a debt-to-equity ratio of 79.56.

Medical Facilities (TSE:DR – Get Rating) last issued its earnings results on Thursday, November 10th. The company reported C($0.46) earnings per share (EPS) for the quarter. The company had revenue of C$133.31 million for the quarter, compared to analyst estimates of C$135.83 million. Analysts expect that Medical Facilities Co. will post 0.9200001 earnings per share for the current year.

Medical Facilities Dividend Announcement

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

Medical Facilities Company Profile

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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.