Medical Facilities (TSE:DR) Sets New 1-Year High – Should You Buy?

Shares of Medical Facilities Co. (TSE:DR) hit a new 52-week high during trading on Monday . The stock traded as high as C$16.55 and last traded at C$16.01, with a volume of 38534 shares traded. The stock had previously closed at C$15.43.

Wall Street Analyst Weigh In

Separately, Leede Financial downgraded Medical Facilities from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th.

Medical Facilities Price Performance

The company has a quick ratio of 1.51, a current ratio of 1.15 and a debt-to-equity ratio of 86.99. The company has a 50 day moving average of C$15.17 and a two-hundred day moving average of C$13.96. The firm has a market cap of C$379.03 million, a P/E ratio of 14.33, a PEG ratio of 3.81 and a beta of 0.47.

Medical Facilities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend was Friday, September 27th. Medical Facilities’s payout ratio is 32.73%.

Insider Activity

In other news, Director Yanick Blanchard sold 100,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of C$15.93, for a total value of C$1,593,100.00. Also, Senior Officer David Nathaniel Tait Watson sold 7,800 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of C$16.31, for a total transaction of C$127,218.00. Following the sale, the insider now owns 100 shares of the company’s stock, valued at approximately C$1,631. This represents a 98.73 % decrease in their ownership of the stock. 0.43% of the stock is owned by company insiders.

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.