Genesis Healthcare Inc. (GEN) Sees Unusually-High Trading Volume
Genesis Healthcare Inc. (NYSE:GEN) shares saw unusually-high trading volume on Tuesday . Approximately 204,147 shares changed hands during trading, an increase of 39% from the previous session’s volume of 147,027 shares.The stock last traded at $2.28 and had previously closed at $2.13.
GEN has been the topic of several recent analyst reports. Stephens cut Genesis Healthcare from an “overweight” rating to a “hold” rating in a research report on Wednesday, May 11th. Royal Bank Of Canada dropped their target price on Genesis Healthcare from $5.00 to $3.00 and set an “outperform” rating on the stock in a research report on Monday, May 16th. Finally, Bank of America Corp. cut Genesis Healthcare from a “neutral” rating to an “underperform” rating in a research report on Monday, May 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $3.50.
The company has a 50 day moving average of $2.01 and a 200 day moving average of $2.04. The stock’s market cap is $204.28 million.
Genesis Healthcare (NYSE:GEN) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.01 by $0.27. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.40 billion. The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 earnings per share. On average, equities research analysts expect that Genesis Healthcare Inc. will post ($0.04) earnings per share for the current fiscal year.
Genesis Healthcare, Inc, formerly Skilled Healthcare Group, Inc, is a holding company that provides post-acute care. The Company operates through three segments: inpatient services, which includes the operation of skilled nursing facilities and assisted or senior living facilities; rehabilitation therapy services, which includes its integrated and third-party rehabilitation and respiratory therapy services, and all other services, including physician services and other healthcare related services.
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