AdCare Health Systems, Inc. (ADK) Shares Down 3%
AdCare Health Systems, Inc. (NYSE:ADK) shares dropped 3% on Friday . The stock traded as low as $2.28 and last traded at $2.28, with a volume of 81,787 shares traded. The stock had previously closed at $2.35.
The stock’s market cap is $44.51 million. The firm has a 50-day moving average of $2.09 and a 200-day moving average of $2.13.
AdCare Health Systems (NYSE:ADK) last posted its quarterly earnings results on Tuesday, May 17th. The company reported ($0.03) EPS for the quarter, beating the Zacks’ 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 expect that AdCare Health Systems, Inc. will post ($0.28) EPS 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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