Medical Facilities (TSE:DR) Sets New 12-Month Low at $6.95

Medical Facilities Corp (TSE:DR)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$6.95 and last traded at C$6.95, with a volume of 100085 shares changing hands. The stock had previously closed at C$7.23.

A number of research analysts recently issued reports on the company. Echelon Wealth Partners lowered Medical Facilities from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. National Bank Financial cut their target price on Medical Facilities from C$14.00 to C$10.50 and set a “sector perform” rating on the stock in a research note on Friday, August 9th. Royal Bank of Canada cut their target price on Medical Facilities from C$14.00 to C$11.00 and set a “sector perform” rating on the stock in a research note on Friday, August 9th. Finally, TD Securities downgraded Medical Facilities from a “buy” rating to a “hold” rating and cut their target price for the company from C$18.50 to C$10.50 in a research note on Friday, August 9th.

The firm has a 50 day simple moving average of C$10.98 and a two-hundred day simple moving average of C$14.12. The company has a debt-to-equity ratio of 140.02, a quick ratio of 0.99 and a current ratio of 1.14. The stock has a market cap of $212.77 million and a P/E ratio of -26.01.

The firm also recently announced a monthly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were paid a dividend of $0.094 per share. This represents a $1.13 annualized dividend and a yield of 16.49%. The ex-dividend date was Tuesday, July 30th. Medical Facilities’s payout ratio is currently -323.50%.

About Medical Facilities (TSE:DR)

Medical Facilities Corporation, through its subsidiaries, owns and operates specialty surgical hospitals and an ambulatory surgery center in the United States. The company's specialty surgical hospitals provide scheduled surgical, imaging, diagnostic, and other pain management procedures; and other ancillary services, such as urgent care and occupational health.

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