Medical Facilities (TSE:DR) Hits New 52-Week High at $11.44

Medical Facilities Co. (TSE:DR) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$11.44 and last traded at C$11.39, with a volume of 13205 shares trading hands. The stock had previously closed at C$11.38.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised their price target on shares of 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 Stock Performance

The company has a quick ratio of 1.51, a current ratio of 1.24 and a debt-to-equity ratio of 98.74. The firm has a market capitalization of C$281.81 million, a price-to-earnings ratio of 11.42, a P/E/G ratio of 3.81 and a beta of 0.59. The business has a 50-day moving average price of C$10.51 and a 200-day moving average price of C$9.62.

Medical Facilities (TSE:DR) last released its quarterly earnings results on Thursday, March 14th. The company reported C$0.53 EPS for the quarter. The company had revenue of C$166.47 million during the quarter, compared to analysts’ expectations of C$151.52 million. Medical Facilities had a return on equity of 37.77% and a net margin of 4.15%. As a group, sell-side analysts forecast that Medical Facilities Co. will post 1.3035921 earnings per share for the current year.

Medical Facilities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.08 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.81%. Medical Facilities’s dividend payout ratio is currently 32.00%.

About Medical Facilities

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.