Medical Facilities (TSE:DR) Reaches New 52-Week High – Here’s What Happened

Medical Facilities Co. (TSE:DR) reached a new 52-week high during trading on Thursday . The company traded as high as C$14.75 and last traded at C$14.63, with a volume of 41078 shares changing hands. The stock had previously closed at C$14.59.

Analyst Ratings Changes

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

Medical Facilities Price Performance

The company has a fifty day moving average price of C$13.79 and a two-hundred day moving average price of C$12.77. 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 firm has a market cap of C$354.74 million, a P/E ratio of 22.01, 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) earnings per share for the quarter. Medical Facilities had a net margin of 2.75% and a return on equity of 35.99%. The company had revenue of C$146.64 million during the quarter, compared to analyst estimates of C$144.66 million. Equities analysts anticipate that Medical Facilities Co. will post 1.2103478 earnings per share for the current year.

Medical Facilities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.44%. Medical Facilities’s payout ratio is presently 53.73%.

About Medical Facilities

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.