AdCare Health Systems, Inc. (ADK) Shares Up 4.4%
AdCare Health Systems, Inc. (NYSE:ADK) shot up 4.4% on Thursday . The stock traded as high as $2.18 and last traded at $2.15, with a volume of 97,462 shares traded. The stock had previously closed at $2.06.
The firm has a 50 day moving average of $1.95 and a 200-day moving average of $2.10. The firm’s market capitalization is $42.05 million.
AdCare Health Systems (NYSE:ADK) last posted its earnings results on Tuesday, May 17th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The firm earned $7.10 million during the quarter, compared to analysts’ expectations of $1.60 million. On average, equities 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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