Medical Facilities (TSE:DR) Hits New 12-Month High at $11.25

Medical Facilities Co. (TSE:DR)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$11.25 and last traded at C$11.22, with a volume of 65926 shares traded. The stock had previously closed at C$10.86.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lifted their price target on Medical Facilities from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a research note on Friday, March 15th.

Medical Facilities Stock Performance

The business has a 50 day moving average of C$10.29 and a 200-day moving average of C$9.51. The company has a debt-to-equity ratio of 98.74, a quick ratio of 1.51 and a current ratio of 1.24. The company has a market capitalization of C$276.37 million, a P/E ratio of 10.86, a price-to-earnings-growth ratio of 3.81 and a beta of 0.59.

Medical Facilities (TSE:DR) last posted its earnings results on Thursday, March 14th. The company reported C$0.53 EPS for the quarter. The business had revenue of C$166.47 million during the quarter, compared to analysts’ expectations of C$151.52 million. Medical Facilities had a return on equity of 37.77% and a net margin of 4.15%. On average, sell-side analysts predict that Medical Facilities Co. will post 1.2912736 EPS for the current fiscal year.

Medical Facilities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.86%. Medical Facilities’s payout ratio is 32.00%.

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.