Stocks of medical institutions (OTCMKTS: MFCSF) top the 50-day moving average of $6.61

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Shares of Medical Facilities Co. (OTCMKTS: MFCSF – Get Rating) rose above its fifty-day moving average during Tuesday’s trading. The stock has a fifty-day moving average of $6.61 and is trading as low as $7.53. Medical facilities shares last traded at $7.53, with volume at 100 shares.

Analysts set new price targets

The MFCSF has been the subject of a number of reports by research analysts. National Bank Financial downgraded shares of medical facilities from an “outperform” rating to an “sector performance” rating in a Friday, May 13 research note. Royal Bank of Canada lowered its target price on shares of Medical Facilities from C$12.00 to C$11.00 in a Monday, May 16 research note.

Medical facilities supply up 0.5%

The company’s 50-day moving average is $6.61 and its 200-day moving average is $7.65.

Medical facilities cut their dividend

The company also recently disclosed a dividend, which was paid on Friday, July 15. Shareholders of record on Thursday, June 30 received a dividend of $0.0623 per share. This represents a dividend yield of 3.97%. The ex-dividend date was Wednesday, June 29.

About medical facilities

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Medical Facilities Corporation, through its subsidiaries, owns and operates specialty surgical hospitals and an outpatient 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 emergency care and occupational health.

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