AdCare Health Systems, Inc. (ADK) Shares Up 5.6%
AdCare Health Systems, Inc. (NYSE:ADK) shot up 5.6% during trading on Thursday . The company traded as high as $2.29 and last traded at $2.28, with a volume of 133,011 shares changing hands. The stock had previously closed at $2.16.
The company’s 50 day moving average price is $1.97 and its 200-day moving average price is $2.11. The stock’s market cap is $44.58 million.
AdCare Health Systems (NYSE:ADK) last released its quarterly 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 had revenue of $7.10 million for the quarter, compared to analysts’ expectations of $1.60 million. On average, equities analysts forecast that AdCare Health Systems, Inc. will post ($0.28) EPS 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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