AdCare Health Systems, Inc. (ADK) Trading 4.8% Higher
AdCare Health Systems, Inc. (NYSE:ADK)’s share price traded up 4.8% on Monday . The company traded as high as $2.48 and last traded at $2.40, with a volume of 148,523 shares traded. The stock had previously closed at $2.29.
The firm has a 50-day moving average price of $2.12 and a 200 day moving average price of $2.13. The firm’s market capitalization is $45.48 million.
AdCare Health Systems (NYSE:ADK) last posted its quarterly earnings results on Monday, August 15th. The company reported ($0.34) earnings per share (EPS) for the quarter. The firm earned $7.20 million during the quarter, compared to analyst estimates of $4.50 million. On average, equities research analysts forecast 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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