Adcare Health System (ADK) Announces Quarterly Results
Adcare Health System (NYSE:ADK) released its earnings data on Tuesday. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.07) by $0.04, American Banking & Market News reports.
Adcare Health System (NYSE:ADK) opened at 4.95 on Tuesday. Adcare Health System has a one year low of $3.62 and a one year high of $4.95. The stock has a 50-day moving average of $4.49 and a 200-day moving average of $4.23. The company’s market cap is $85.1 million. Adcare Health System also saw a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 155,138 shares, a growth of 41.8% from the July 15th total of 109,403 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 212,573 shares, the days-to-cover ratio is presently 0.7 days.
On the ratings front, analysts at Zacks downgraded shares of Adcare Health System from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 29th. They now have a $4.40 price target on the stock.
AdCare Health Systems, Inc (NYSE:ADK) is a developer, owner and manager of retirement communities, assisted living facilities, skilled nursing facilities and home health care services in the state of Ohio.
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