Medical Facilities (OTCMKTS:MFCSF) Shares Pass Above 50-Day Moving Average – What’s Next?

Medical Facilities Co. (OTCMKTS:MFCSF) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.69 and traded as high as $11.16. Medical Facilities shares last traded at $11.1135, with a volume of 2,042 shares changing hands.

Medical Facilities Price Performance

The business has a 50-day moving average of $10.69 and a 200-day moving average of $10.83.

Medical Facilities Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were issued a dividend of $0.0654 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a yield of 245.0%. Medical Facilities’s payout ratio is currently 110.58%.

About Medical Facilities

Medical Facilities Corporation (OTCMKTS:MFCSF) is a Canadian company that specializes in the ownership and operation of private-pay hospitals. The firm focuses on providing short-stay acute care services outside of the traditional public healthcare system, offering patients an alternative setting for elective surgeries and certain inpatient treatments. Its network of facilities is designed to serve both self-pay and insured patients, delivering a range of surgical and diagnostic services in a streamlined, patient-focused environment.

The company’s primary operations revolve around specialty hospitals that handle orthopedic procedures, endoscopy, pain management, general surgery and plastic surgery.