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

Key Points

• Medical Facilities Co. stock (TSE:DR) traded below its 200-day moving average, closing at C$14.18 compared to the average of C$15.17.
• The company announced a quarterly dividend of $0.09 per share, resulting in an annualized yield of 2.5%.
• Medical Facilities has a market capitalization of C$267.41 million and a low price-to-earnings ratio of 4.17.

Medical Facilities Co. (TSE:DR - )'s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$15.17 and traded as low as C$13.95. Medical Facilities shares last traded at C$14.18, with a volume of 18,981 shares trading hands.

Medical Facilities Stock Up 1.6%

The stock has a market capitalization of C$267.41 million, a price-to-earnings ratio of 4.17, a price-to-earnings-growth ratio of 3.81 and a beta of 0.01. The company has a quick ratio of 1.51, a current ratio of 1.15 and a debt-to-equity ratio of 126.06. The firm has a 50-day moving average of C$14.56 and a two-hundred day moving average of C$15.17.

Medical Facilities Dividend Announcement

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