Medical Facilities (TSE:DR) Hits New 52-Week Low at $4.35

Medical Facilities Corp (TSE:DR) hit a new 52-week low during trading on Wednesday . The company traded as low as C$4.35 and last traded at C$4.44, with a volume of 209258 shares trading hands. The stock had previously closed at C$4.59.

DR has been the subject of several analyst reports. TD Securities cut Medical Facilities from a “buy” rating to a “hold” rating and dropped their target price for the company from C$18.50 to C$10.50 in a report on Friday, August 9th. Royal Bank of Canada cut Medical Facilities from a “sector perform” rating to an “underperform” rating and decreased their price target for the stock from C$10.00 to C$5.00 in a research note on Friday, November 8th. Finally, National Bank Financial decreased their price target on Medical Facilities from C$8.50 to C$5.50 and set a “sector perform” rating on the stock in a research note on Monday, November 11th.

The company has a market capitalization of $142.78 million and a P/E ratio of -6.84. The stock’s 50 day moving average is C$6.24 and its 200-day moving average is C$9.26. The company has a debt-to-equity ratio of 145.15, a current ratio of 1.15 and a quick ratio of 1.00.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.047 per share. This represents a $0.19 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend is Monday, December 30th. Medical Facilities’s dividend payout ratio is currently -130.01%.

Medical Facilities Company Profile (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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