Invacare Corp. (IVC) Shares Gap Up to $11.83
Invacare Corp. (NYSE:IVC) gapped up before the market opened on Tuesday . The stock had previously closed at $11.81, but opened at $11.83. Invacare Corp. shares last traded at $11.95, with a volume of 245,659 shares traded.
Separately, Zacks Investment Research cut Invacare Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 2nd.
The firm’s 50 day moving average price is $12.31 and its 200 day moving average price is $12.55. The stock’s market capitalization is $388.00 million.
Invacare Corp. (NYSE:IVC) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.33) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by $0.09. The firm earned $275 million during the quarter, compared to analyst estimates of $270.10 million. Invacare Corp.’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.23) earnings per share. Equities analysts predict that Invacare Corp. will post ($0.95) EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 13th. Stockholders of record on Tuesday, July 5th were paid a dividend of $0.0125 per share. This represents a $0.05 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Thursday, June 30th.
In other news, SVP Dean J. Childers purchased 10,000 shares of the firm’s stock in a transaction dated Monday, May 16th. The shares were acquired at an average price of $10.40 per share, with a total value of $104,000.00. Following the purchase, the senior vice president now directly owns 35,672 shares of the company’s stock, valued at $370,988.80. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Other large investors recently bought and sold shares of the company. Nationwide Fund Advisors raised its stake in Invacare Corp. by 195.2% in the fourth quarter. Nationwide Fund Advisors now owns 94,166 shares of the company’s stock worth $1,638,000 after buying an additional 62,271 shares during the last quarter. BlackRock Advisors LLC raised its stake in Invacare Corp. by 3.7% in the fourth quarter. BlackRock Advisors LLC now owns 1,244,925 shares of the company’s stock worth $21,649,000 after buying an additional 44,925 shares during the last quarter. Brandes Investment Partners LP raised its stake in Invacare Corp. by 27.2% in the fourth quarter. Brandes Investment Partners LP now owns 72,728 shares of the company’s stock worth $1,264,000 after buying an additional 15,550 shares during the last quarter. Finally, Ancora Advisors LLC raised its stake in Invacare Corp. by 1.0% in the fourth quarter. Ancora Advisors LLC now owns 72,542 shares of the company’s stock worth $1,216,000 after buying an additional 742 shares during the last quarter.
Invacare Corporation is a manufacturer and distributor for medical equipment used in non-acute care settings. The Company’s geographical segments are Europe; North America, which includes North America/Home Medical Equipment (North America/HME) and Institutional Products Group (IPG) segments, and Asia/Pacific.