Medical Facilities (TSE:DR) Hits New 1-Year High – Here’s Why

Medical Facilities Co. (TSE:DR)’s share price reached a new 52-week high during trading on Friday . The company traded as high as C$14.42 and last traded at C$14.25, with a volume of 61436 shares. The stock had previously closed at C$13.98.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Royal Bank of Canada lifted their price target on 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. Leede Jones Gable lifted their price target on Medical Facilities from C$15.00 to C$15.50 and gave the company a “buy” rating in a research report on Wednesday, August 7th.

Medical Facilities Price Performance

The company has a quick ratio of 1.51, a current ratio of 1.11 and a debt-to-equity ratio of 93.23. The stock has a market capitalization of C$343.19 million, a PE ratio of 21.62, a PEG ratio of 3.81 and a beta of 0.48. The company has a 50-day moving average of C$13.70 and a 200 day moving average of C$12.63.

Medical Facilities (TSE:DR) last issued its quarterly earnings results on Tuesday, August 6th. The company reported C($0.03) EPS for the quarter. The firm had revenue of C$146.64 million for the quarter, compared to analysts’ expectations of C$144.66 million. Medical Facilities had a return on equity of 35.99% and a net margin of 2.75%. Sell-side analysts predict that Medical Facilities Co. will post 1.1957295 EPS for the current year.

Medical Facilities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Friday, September 27th. Medical Facilities’s dividend payout ratio (DPR) is currently 54.55%.

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.