AdCare Health Systems, Inc. (ADK) Sees Strong Trading Volume
AdCare Health Systems, Inc. (NYSE:ADK) saw strong trading volume on Wednesday . 93,578 shares were traded during mid-day trading, an increase of 73% from the previous session’s volume of 54,003 shares.The stock last traded at $2.20 and had previously closed at $2.24.
The stock’s market capitalization is $42.05 million. The stock has a 50 day moving average of $1.97 and a 200-day moving average of $2.11.
AdCare Health Systems (NYSE:ADK) last announced its quarterly earnings data on Tuesday, May 17th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.03. The firm had revenue of $7.10 million for the quarter, compared to analysts’ expectations of $1.60 million. Equities analysts anticipate that AdCare Health Systems, Inc. will post ($0.28) earnings per share for the current 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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