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

Key Points

• Medical Facilities Co. shares have dropped below their 200-day moving average, trading at C$14.78 against a 200-day average of C$15.80.
• The company declared a quarterly dividend of $0.09 per share, with a yield of 2.4%, to be paid on October 15th.
• Medical Facilities has a debt-to-equity ratio of 126.06 and a market capitalization of C$240.47 million.

Medical Facilities Co. (TSE:DR - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$15.80 and traded as low as C$14.18. Medical Facilities shares last traded at C$14.78, with a volume of 43,861 shares changing hands.

Medical Facilities Stock Up 1.2%

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 stock has a market cap of C$238.19 million, a P/E ratio of 9.80, a PEG ratio of 3.81 and a beta of 0.47. The firm has a 50-day simple moving average of C$15.38 and a two-hundred day simple moving average of C$15.77.

Medical Facilities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.5%. Medical Facilities's payout ratio is currently 24.10%.

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.