What’s Next for Medical Facilities Corp After Today’s Huge Decline?


 What's Next for Medical Facilities Corp After Today's Huge Decline?

The stock of Medical Facilities Corp (TSE:DR) is a huge mover today! About 29,157 shares traded hands. Medical Facilities Corp (TSE:DR) has risen 54.72% since March 14, 2016 and is uptrending. It has outperformed by 49.17% the S&P500.
The move comes after 6 months negative chart setup for the $721.47 million company. It was reported on Oct, 19 by Barchart.com. We have $21.77 PT which if reached, will make TSE:DR worth $36.07M less.

Medical Facilities Corp (TSE:DR) Ratings Coverage

Out of 2 analysts covering Medical Facilities Corp (TSE:DR), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Medical Facilities Corp has been the topic of 4 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The rating was maintained by TD Securities with “Buy” on Friday, October 7. The rating was maintained by National Bank Canada with “Sector Perform” on Monday, August 17.

Another recent and important Medical Facilities Corp (TSE:DR) news was published by Reuters.com which published an article titled: “BRIEF-Ambulatory surgery center acquired by unit of Medical Facilities Cor…” on September 28, 2016.

Medical Facilities Corporation is a Canada company, which owns interests in over six entities , approximately five of which either own a specialty surgical hospital (SSH) or an ambulatory surgery center (ASC). The company has a market cap of $721.47 million. The Company’s Centers offer facilities, such as staff, surgical materials and supplies, and other support necessary for scheduled surgical, pain management, imaging and diagnostic procedures. It currently has negative earnings. The Centers focus on clinical specialties, such as orthopedic, neurosurgery, pain management and other non-emergency elective procedures.

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