Medical Facilities (TSE:DR) Stock Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Medical Facilities Co. (TSE:DR) stock has dropped to C$14.92, falling below its two hundred day moving average of C$15.91.
• The company announced a quarterly dividend of $0.09, resulting in an annualized dividend yield of 2.41%.
• Medical Facilities Corp. operates a portfolio of surgical facilities in the U.S., which includes four specialty hospitals and six ambulatory surgery centers.

Shares of Medical Facilities Co. (TSE:DR - ) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$15.91 and traded as low as C$14.92. Medical Facilities shares last traded at C$14.92, with a volume of 69,337 shares trading hands.

Medical Facilities Stock Down 1.8%

The company has a market cap of C$242.74 million, a price-to-earnings ratio of 9.99, a price-to-earnings-growth ratio of 3.81 and a beta of 0.47. The company has a current ratio of 1.15, a quick ratio of 1.51 and a debt-to-equity ratio of 126.06. The firm's fifty day moving average price is C$15.65 and its 200-day moving average price is C$15.91.

Medical Facilities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.41%. Medical Facilities's dividend payout ratio is currently 24.10%.

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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