Medical Facilities (TSE:DR) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Medical Facilities Co. (TSE:DR - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$12.89 and traded as high as C$14.88. Medical Facilities shares last traded at C$14.88, with a volume of 25,324 shares.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DR shares. Leede Jones Gable upped their price objective on Medical Facilities from C$15.00 to C$15.50 and gave the company a "buy" rating in a report on Wednesday, August 7th. Royal Bank of Canada upped their price target on Medical Facilities from C$13.00 to C$14.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 7th.

Medical Facilities Stock Performance

The company has a current ratio of 1.11, a quick ratio of 1.51 and a debt-to-equity ratio of 93.23. The stock has a market capitalization of C$357.86 million, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 3.81 and a beta of 0.47. The firm's fifty day moving average price is C$13.87 and its 200 day moving average price is C$12.89.

Medical Facilities (TSE:DR - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported C($0.03) EPS for the quarter. Medical Facilities had a return on equity of 35.99% and a net margin of 2.75%. The firm had revenue of C$146.64 million for the quarter, compared to analyst estimates of C$144.66 million. Analysts forecast that Medical Facilities Co. will post 1.2103478 EPS for the current fiscal year.

Medical Facilities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Friday, September 27th. Medical Facilities's payout ratio is currently 53.73%.

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.