Genesis Healthcare Inc. (NYSE:GEN) dropped 4.6% during mid-day trading on Monday . The company traded as low as $2.06 and last traded at $2.09, with a volume of 97,036 shares changing hands. The stock had previously closed at $2.19.

GEN has been the subject of a number of research reports. Stephens downgraded shares of Genesis Healthcare from an “overweight” rating to a “hold” rating in a research report on Wednesday, May 11th. 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, Bank of America Corp. downgraded Genesis Healthcare from a “neutral” rating to an “underperform” rating in a research report on Monday, May 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $4.40.

The stock has a 50-day moving average of $1.80 and a 200 day moving average of $2.12. The company’s market capitalization is $325.53 million.

Genesis Healthcare (NYSE:GEN) last issued its quarterly earnings results on Monday, May 9th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by $0.04. During the same period in the previous year, the business posted $0.07 earnings per share. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Genesis Healthcare’s revenue for the quarter was up 9.6% on a year-over-year basis. Analysts predict that Genesis Healthcare Inc. will post ($0.01) 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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