Medical Facilities (TSE:DR) Stock Price Down 26.7%

Medical Facilities Corp (TSE:DR)’s share price dropped 26.7% during mid-day trading on Thursday . The stock traded as low as C$5.60 and last traded at C$5.73, approximately 446,318 shares changed hands during trading. An increase of 180% from the average daily volume of 159,203 shares. The stock had previously closed at C$7.82.

DR has been the subject of several recent research reports. TD Securities downgraded Medical Facilities from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$18.50 to C$10.50 in a report on Friday, August 9th. Royal Bank of Canada cut Medical Facilities from a “sector perform” rating to an “underperform” rating and cut their price objective for the stock from C$10.00 to C$5.00 in a research report on Friday. Finally, National Bank Financial cut their price objective on Medical Facilities from C$10.50 to C$8.50 and set a “sector perform” rating on the stock in a research report on Tuesday.

The company has a 50-day simple moving average of C$7.65 and a two-hundred day simple moving average of C$10.54. The company has a quick ratio of 0.99, a current ratio of 1.14 and a debt-to-equity ratio of 140.02. The firm has a market cap of $177.30 million and a PE ratio of -18.97.

Medical Facilities (TSE:DR) last posted its quarterly earnings data on Thursday, August 8th. The company reported C($0.62) earnings per share for the quarter. The business had revenue of C$135.09 million during the quarter, compared to analyst estimates of C$140.10 million. As a group, equities analysts predict that Medical Facilities Corp will post 0.51 earnings per share for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 15th will be given a $0.0938 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $1.13 annualized dividend and a yield of 22.56%. Medical Facilities’s dividend payout ratio is currently -323.50%.

Medical Facilities Company Profile (TSE:DR)

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 scheduled surgical, imaging, diagnostic, and other pain management procedures; and other ancillary services, such as urgent care and occupational health.

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