AdCare Health Systems, Inc. (ADK) Trading Down 2.8%
AdCare Health Systems, Inc. (NYSE:ADK) fell 2.8% during mid-day trading on Friday . The company traded as low as $2.10 and last traded at $2.10, with a volume of 67,366 shares traded. The stock had previously closed at $2.16.
The firm’s market cap is $42.05 million. The stock has a 50 day moving average price of $1.96 and a 200 day moving average price of $2.10.
AdCare Health Systems (NYSE:ADK) last announced its quarterly earnings data on Tuesday, May 17th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The firm earned $7.10 million during the quarter, compared to analysts’ expectations of $1.60 million. 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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