Foundation Healthcare Inc. (OTCMKTS:FDNH) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “GRAYMARK HEALTHCARE INC. is a diversified medical holding company that owns and operates;Independent Pharmacies that serve the needs of local markets, Diagnostic Sleep Centers that treat a wide range of sleep disorders, and a Medical Equipment Company that provides both disposable and durable medical equipment. Graymark plans to continue its growth both internally and through strategic acquisitions within the medical industry. “

Shares of Foundation Healthcare (OTCMKTS:FDNH) traded down 6.67% during midday trading on Tuesday, hitting $1.40. The stock had a trading volume of 9,450 shares. The firm’s 50-day moving average price is $1.50 and its 200-day moving average price is $2.32. The firm’s market capitalization is $25.31 million. Foundation Healthcare has a one year low of $0.88 and a one year high of $5.23.

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Foundation Healthcare (OTCMKTS:FDNH) last released its quarterly earnings results on Monday, August 15th. The company reported ($0.54) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.49. On average, equities analysts predict that Foundation Healthcare will post ($0.75) EPS for the current year.

Foundation Healthcare Company Profile

Foundation Healthcare, Inc owns and manages facilities, which operate in the specialized surgical segment of the healthcare industry. The Company’s network consists of approximately four surgical hospitals, nine ambulatory surgical centers (ASCs) and a hospital outpatient department (HOPD) in over six states throughout the United States.

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