Genesis Healthcare Inc. (GEN) Sees Large Volume Increase
Shares of Genesis Healthcare Inc. (NYSE:GEN) saw unusually-strong trading volume on Tuesday . Approximately 204,147 shares traded 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.
A number of equities analysts have issued reports on GEN shares. Bank of America Corp. lowered Genesis Healthcare from a “neutral” rating to an “underperform” rating in a research note on Monday, May 16th. Royal Bank Of Canada cut their price objective on Genesis Healthcare from $5.00 to $3.00 and set an “outperform” rating for the company in a research report on Monday, May 16th. Finally, Stephens downgraded Genesis Healthcare from an “overweight” rating to a “hold” rating in a research report on Wednesday, May 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $3.50.
The company’s 50 day moving average price is $2.02 and its 200 day moving average price is $2.04. The company’s market capitalization is $194.38 million.
Genesis Healthcare (NYSE:GEN) last posted its earnings results on Thursday, August 4th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by $0.27. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.40 billion. The company’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 EPS. Analysts forecast 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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