Shares of Five Star Quality Care, Inc. (NYSE:FVE) dropped 1.3% during mid-day trading on Thursday . The stock traded as low as $2.30 and last traded at $2.35, with a volume of 155,955 shares trading hands. The stock had previously closed at $2.38.

Separately, Zacks Investment Research raised shares of Five Star Quality Care from a “hold” rating to a “buy” rating and set a $2.75 price target for the company in a research report on Monday, July 4th.

The firm’s market capitalization is $114.28 million. The stock’s 50 day moving average is $2.13 and its 200-day moving average is $2.31.

Five Star Quality Care (NYSE:FVE) last posted its quarterly earnings results on Wednesday, May 4th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.02) by $0.03. The business had revenue of $344.20 million for the quarter, compared to analysts’ expectations of $346.61 million. On average, analysts forecast that Five Star Quality Care, Inc. will post ($0.18) earnings per share for the current year.

A hedge fund recently raised its stake in Five Star Quality Care stock. GSA Capital Partners LLP raised its stake in Five Star Quality Care, Inc. (NYSE:FVE) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 687,040 shares of the company’s stock after buying an additional 7,600 shares during the period. GSA Capital Partners LLP owned 1.40% of Five Star Quality Care worth $2,185,000 at the end of the most recent reporting period.

Five Star Quality Care, Inc operates senior living communities, including independent living communities, assisted living communities and skilled nursing facilities (SNFs). The Company operates through senior living community segment. In the senior living community segment, it operates for its own account or manages for the account of third parties independent living communities, assisted living communities and SNFs that are subject to centralized oversight and provide housing and services to elderly residents.

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