Medical Facilities (TSE:DR) Stock Passes Above 200-Day Moving Average of $9.28

Medical Facilities Co. (TSE:DR)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.28 and traded as high as C$10.51. Medical Facilities shares last traded at C$10.43, with a volume of 29,575 shares trading hands.

Analyst Ratings Changes

Separately, Royal Bank of Canada increased their target price on Medical Facilities from C$11.00 to C$12.00 and gave the stock a “sector perform” rating in a research note on Friday, March 15th.

Medical Facilities Price Performance

The firm has a market cap of C$255.85 million, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 3.81 and a beta of 0.56. The company has a current ratio of 1.24, a quick ratio of 1.51 and a debt-to-equity ratio of 98.74. The company’s 50-day moving average is C$9.71 and its 200-day moving average is C$9.29.

Medical Facilities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.32 annualized dividend and a dividend yield of 3.09%. Medical Facilities’s payout ratio is 32.65%.

Medical Facilities Company Profile

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