Shares of AdCare Health Systems, Inc. (NYSE:ADK) shot up 8.5% during mid-day trading on Thursday . The stock traded as high as $2.26 and last traded at $2.05, with a volume of 131,021 shares changing hands. The stock had previously closed at $1.89.

The company’s market capitalization is $39.91 million. The stock’s 50 day moving average is $1.95 and its 200-day moving average is $2.13.

AdCare Health Systems (NYSE:ADK) last issued its quarterly earnings data on Tuesday, May 17th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. The business had revenue of $7.10 million for the quarter, compared to analysts’ expectations of $1.60 million. On average, equities research analysts expect that AdCare Health Systems, Inc. will post ($0.28) EPS for the current fiscal year.

AdCare Health Systems, Inc, through its subsidiaries, is a self-managed real estate investment company that invests in real estate purposed for long-term care and senior living. The Company’s business principally consists of leasing and subleasing such facilities to third-party tenants, which operate the facilities.

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