Genesis Healthcare Inc. (GEN) Sees Unusually-High Trading Volume
Genesis Healthcare Inc. (NYSE:GEN) saw strong trading volume on Monday . 188,563 shares changed hands during mid-day trading, an increase of 13% from the previous session’s volume of 167,195 shares.The stock last traded at $2.17 and had previously closed at $2.18.
A number of analysts have recently issued reports on the stock. Stephens lowered shares of Genesis Healthcare from an “overweight” rating to a “hold” rating in a research report on Wednesday, May 11th. Royal Bank Of Canada reduced their price target on shares of 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. lowered shares of Genesis Healthcare from a “neutral” rating to an “underperform” rating in a research report on Monday, May 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $3.50.
The firm’s market cap is $194.38 million. The firm’s 50-day moving average is $2.06 and its 200 day moving average is $2.05.
Genesis Healthcare (NYSE:GEN) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.27. The business earned $1.44 billion during the quarter, compared to analysts’ expectations of $1.40 billion. The company’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.14 earnings per share. On average, equities research analysts expect that Genesis Healthcare Inc. will post ($0.04) EPS for the current 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.