AdCare Health Systems, Inc. (ADK) Stock Price Up 8.5%
AdCare Health Systems, Inc. (NYSE:ADK) rose 8.5% during mid-day trading on Thursday . The company traded as high as $2.26 and last traded at $2.05, with a volume of 131,021 shares traded. The stock had previously closed at $1.89.
The stock has a 50 day moving average price of $1.95 and a 200 day moving average price of $2.12. The stock’s market cap is $39.13 million.
AdCare Health Systems (NYSE:ADK) last posted its quarterly earnings results on Tuesday, May 17th. The company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03. The firm earned $7.10 million during the quarter, compared to the consensus estimate of $1.60 million. On average, equities research analysts expect 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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