Medical Facilities (TSE:DR) Shares Pass Below 200-Day Moving Average - Should You Sell?

Key Points

• Medical Facilities Co. (TSE:DR) shares have dipped below their 200-day moving average, trading at C$14.66 on Monday, signaling possible weaknesses in the stock's performance.
• The company announced a quarterly dividend of $0.09 per share, payable on October 15th, reflecting an annualized yield of 2.5% with a low payout ratio of 7.59%.
• Medical Facilities operates a diverse portfolio of surgical facilities in the U.S., including 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 Monday . The stock has a 200-day moving average of C$15.30 and traded as low as C$14.66. Medical Facilities shares last traded at C$14.66, with a volume of 21,045 shares trading hands.

Medical Facilities Stock Down 0.2%

The stock has a 50 day moving average price of C$14.74 and a 200-day moving average price of C$15.30. The stock has a market capitalization of C$276.46 million, a P/E ratio of 4.31, a PEG ratio of 3.81 and a beta of -0.04. The company has a debt-to-equity ratio of 126.06, a current ratio of 1.15 and a quick ratio of 1.51.

Medical Facilities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.5%. Medical Facilities's dividend payout ratio (DPR) is currently 7.59%.

About Medical Facilities

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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