Genesis Healthcare Inc. (NYSE:GEN) shares traded down 8.8% during mid-day trading on Wednesday . The company traded as low as $2.07 and last traded at $2.07, with a volume of 104,296 shares changing hands. The stock had previously closed at $2.27.

A number of research analysts have issued reports on the stock. Bank of America Corp. lowered shares of Genesis Healthcare from a “neutral” rating to an “underperform” rating in a research note on Monday, May 16th. Royal Bank Of Canada reduced their target price on shares of Genesis Healthcare from $5.00 to $3.00 and set an “outperform” rating for the company in a research note on Monday, May 16th. Finally, Stephens lowered shares of Genesis Healthcare from an “overweight” rating to a “hold” rating in a research note on Wednesday, May 11th. One 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 stock. The company has an average rating of “Hold” and a consensus price target of $3.50.

The company has a 50 day moving average price of $2.03 and a 200-day moving average price of $2.04. The company’s market cap is $200.68 million.

Genesis Healthcare (NYSE:GEN) last announced its quarterly earnings data 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. During the same period last year, the company posted $0.14 EPS. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.40 billion. The business’s quarterly revenue was up 1.3% on a year-over-year basis. Analysts anticipate 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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