Stocks of medical institutions (TSE: DR) rise above the 200-day moving average of $9.82

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The stock price of Medical Facilities Co. (TSE: DR – Get Rating) rose above its 200-day moving average during Wednesday’s session. The stock has a 200-day moving average of C$9.82 and trades down to C$10.00. Medical facilities shares last traded at C$9.96, with a volume of 29,257 shares traded.

A Wall Street analyst gives his opinion

A number of brokerages have recently released reports on DR. Royal Bank of Canada lowered its price target on Medical Facilities shares from CA$12.00 to CA$11.00 and set an “industry performance” rating for the company in a report released on Monday 16 may. National Bankshares downgraded shares of Medical Facilities from an “outperform” rating to a “holding” rating and reduced its target price for the stock from CA$12.75 to CA$10.50 in a report of search for Friday, May 13.

Performance of shares of medical establishments

The stock has a market cap of C$302.83 million and a price-to-earnings ratio of 58.59. The company has a debt ratio of 79.51, a quick ratio of 1.57 and a current ratio of 1.84. The stock’s 50-day simple moving average is C$8.79 and its 200-day simple moving average is C$9.82.

Medical Facilities (TSE: DR – Get Rating) last released its results on Thursday, May 12. The company reported earnings per share of C ($0.33) for the quarter. The company posted revenue of C$129.96 million for the quarter, compared to C$127.75 million expected by analysts. Analysts expect Medical Facilities Co. to post earnings per share of 0.9190745 for the current year.

Medical Facilities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15. Shareholders of record on Thursday, June 30 received a dividend of $0.08 per share. This represents a dividend of $0.32 on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Wednesday, June 29. Medical Facilities’ dividend payout ratio is currently 140.56%.

About medical facilities

(Get a rating)

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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