Medical Facilities (TSE:DR) Stock Passes Above 200 Day Moving Average – Time to Sell?

Medical Facilities Co. (TSE:DR)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$12.89 and traded as high as C$14.88. Medical Facilities shares last traded at C$14.88, with a volume of 25,324 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Leede Jones Gable increased their target price on Medical Facilities from C$15.00 to C$15.50 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Royal Bank of Canada increased their price objective on shares of Medical Facilities from C$13.00 to C$14.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 7th.

Medical Facilities Trading Up 1.3 %

The firm has a 50-day moving average of C$13.87 and a 200 day moving average of C$12.89. The company has a current ratio of 1.11, a quick ratio of 1.51 and a debt-to-equity ratio of 93.23. The stock has a market capitalization of C$357.86 million, a price-to-earnings ratio of 22.21, a PEG ratio of 3.81 and a beta of 0.47.

Medical Facilities (TSE:DR) last released its quarterly earnings results on Tuesday, August 6th. The company reported C($0.03) EPS for the quarter. The company had revenue of C$146.64 million for the quarter, compared to the consensus estimate of C$144.66 million. Medical Facilities had a return on equity of 35.99% and a net margin of 2.75%. As a group, equities analysts predict that Medical Facilities Co. will post 1.2103478 EPS for the current fiscal year.

Medical Facilities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Friday, September 27th. Medical Facilities’s dividend payout ratio (DPR) is presently 53.73%.

Medical Facilities Company Profile

Medical Facilities Corporation, through its subsidiaries, owns and operates specialty hospitals and ambulatory surgery center in the United States. The company's specialty hospital offers non-emergency surgical, imaging, diagnostic, and pain management procedures, as well as other ancillary services, such as primary and urgent care; and ambulatory surgery centers offers scheduled outpatient surgical procedures.