Medical Facilities (TSE:DR) Shares Cross Below 200-Day Moving Average - Here's What Happened

Key Points

• Medical Facilities Co. (TSE:DR) shares have dropped below their 200-day moving average of C$15.08, trading as low as C$13.80.
• The company recently declared a quarterly dividend of $0.09, translating to an annual yield of 2.6% and a dividend payout ratio of 7.59%.
• Medical Facilities operates a portfolio of surgical facilities in the U.S., encompassing four specialty hospitals and six ambulatory surgery centers.

Medical Facilities Co. (TSE:DR - )'s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$15.08 and traded as low as C$13.80. Medical Facilities shares last traded at C$13.93, with a volume of 26,278 shares trading hands.

Medical Facilities Stock Performance

The company has a debt-to-equity ratio of 126.06, a current ratio of 1.15 and a quick ratio of 1.51. The firm has a market cap of C$262.69 million, a price-to-earnings ratio of 4.10, a P/E/G ratio of 3.81 and a beta of 0.01. The firm has a fifty day simple moving average of C$14.48 and a two-hundred day simple moving average of C$15.08.

Medical Facilities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.6%. Medical Facilities's dividend payout ratio (DPR) is presently 7.59%.

Medical Facilities Company Profile

Medical Facilities Corp owns a diverse portfolio of surgical facilities in the United States. Through its wholly-owned subsidiaries, the company owns controlling interests in four specialty hospitals and six ambulatory surgery centers. The hospitals offer a range of non-emergency surgical, imaging, diagnostic and pain management procedures, and other ancillary services.

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