Medical Facilities (TSE:DR) Stock Breaks Above 50-Day Moving Average – Here’s Why

Shares of Medical Facilities Co. (TSE:DR) passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of C$15.03 and traded as high as C$15.10. Medical Facilities shares last traded at C$15.04, with a volume of 33,051 shares changing hands.

Medical Facilities Trading Up 1.3%

The company has a 50 day simple moving average of C$15.03 and a 200 day simple moving average of C$16.48. The company has a current ratio of 2.49, a quick ratio of 1.51 and a debt-to-equity ratio of 58.57. The stock has a market capitalization of C$264.45 million, a PE ratio of 8.00, a P/E/G ratio of 3.81 and a beta of 0.61.

Medical Facilities (TSE:DR) last announced its earnings results on Thursday, August 6th. The company reported C$0.13 earnings per share for the quarter. The company had revenue of C$89.62 million for the quarter. Medical Facilities had a return on equity of 45.36% and a net margin of 13.87%. Analysts predict that Medical Facilities Co. will post 1.24 earnings per share for the current fiscal year.

About Medical Facilities

Medical Facilities owns a 51% controlling interest, with its physician partners owning the remaining 49% interest, in two highly rated, high-quality specialty surgical hospitals located in Arkansas and South Dakota. The hospitals perform scheduled surgical, imaging, diagnostic and other procedures, including primary and urgent care, and derive their revenue from the fees charged for the use of their facilities.