Invacare Corp. (IVC) Shares Gap Down to $12.26
Invacare Corp. (NYSE:IVC) gapped down before the market opened on Thursday . The stock had previously closed at $12.22, but opened at $12.26. Invacare Corp. shares last traded at $12.70, with a volume of 220,607 shares trading hands.
Separately, Zacks Investment Research lowered shares of Invacare Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 2nd.
The company’s 50-day moving average price is $12.36 and its 200-day moving average price is $12.55. The company’s market cap is $410.08 million.
Invacare Corp. (NYSE:IVC) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by $0.09. During the same quarter last year, the firm posted ($0.23) EPS. The firm had revenue of $275 million for the quarter, compared to the consensus estimate of $270.10 million. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. Equities research analysts expect that Invacare Corp. will post ($0.95) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 13th. Stockholders of record on Tuesday, July 5th were issued a dividend of $0.0125 per share. The ex-dividend date of this dividend was Thursday, June 30th. This represents a $0.05 annualized dividend and a dividend yield of 0.40%.
In other Invacare Corp. news, SVP Dean J. Childers bought 10,000 shares of the stock in a transaction that occurred on 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 completion of the purchase, the senior vice president now directly owns 35,672 shares in the company, valued at approximately $370,988.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Other hedge funds have bought and sold shares of the company. Nationwide Fund Advisors boosted 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 boosted 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. Finally, Ancora Advisors LLC boosted 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.
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