Insider Selling: Medical Facilities Co. (TSE:DR) Senior Officer Sells 7,800 Shares of Stock

Medical Facilities Co. (TSE:DR - Get Free Report) Senior Officer David Nathaniel Tait Watson sold 7,800 shares of the business's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of C$16.31, for a total value of C$127,218.00. Following the transaction, the insider now owns 100 shares in the company, valued at C$1,631. This represents a 98.73 % decrease in their ownership of the stock.

Medical Facilities Price Performance

DR traded down C$0.12 during midday trading on Wednesday, reaching C$15.76. 54,760 shares of the company's stock were exchanged, compared to its average volume of 47,376. Medical Facilities Co. has a one year low of C$8.68 and a one year high of C$16.70. The firm has a market capitalization of C$379.03 million, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 3.81 and a beta of 0.47. The business has a 50-day simple moving average of C$15.17 and a two-hundred day simple moving average of C$13.96. The company has a quick ratio of 1.51, a current ratio of 1.15 and a debt-to-equity ratio of 86.99.

Medical Facilities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Friday, September 27th. Medical Facilities's dividend payout ratio is 32.73%.

Wall Street Analysts Forecast Growth

Separately, Leede Financial downgraded shares of Medical Facilities from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 7th.

Medical Facilities Company Profile

Medical Facilities Corporation, through its subsidiaries, owns and operates specialty hospitals and ambulatory surgery center in the United States. The company's specialty hospital offers non-emergency surgical, imaging, diagnostic, and pain management procedures, as well as other ancillary services, such as primary and urgent care; and ambulatory surgery centers offers scheduled outpatient surgical procedures.