Medical Facilities (TSE:DR) Stock Price Passes Below 200 Day Moving Average - Here's What Happened

Key Points

• Medical Facilities Co. (TSE:DR) saw its stock price fall below its 200-day moving average of C$15.23, trading at a low of C$14.14.
• The company declared a quarterly dividend of $0.09 per share, with a yield of 2.5%, and a payout ratio of 7.59%.
• Medical Facilities has a market capitalization of C$266.65 million and a PE ratio of 4.16, indicating strong valuation metrics in the context of its operational performance.

Medical Facilities Co. (TSE:DR - )'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$15.23 and traded as low as C$14.14. Medical Facilities shares last traded at C$14.14, with a volume of 26,283 shares traded.

Medical Facilities Trading Down 1.8%

The stock has a market cap of C$266.65 million, a PE ratio of 4.16, a P/E/G ratio of 3.81 and a beta of -0.04. The firm has a 50-day simple moving average of C$14.64 and a 200-day simple moving average of C$15.23. The company has a quick ratio of 1.51, a current ratio of 1.15 and a debt-to-equity ratio of 126.06.

Medical Facilities Announces Dividend

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