Invacare Corp. (IVC) Trading 3.2% Higher
Invacare Corp. (NYSE:IVC) shares traded up 3.2% during trading on Friday . The stock traded as high as $12.19 and last traded at $12.17, with a volume of 76,420 shares. The stock had previously closed at $11.79.
Separately, Zacks Investment Research cut Invacare Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 2nd.
The company’s market capitalization is $397.75 million. The stock’s 50-day moving average price is $12.21 and its 200 day moving average price is $12.18.
Invacare Corp. (NYSE:IVC) last announced its quarterly earnings results 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. The business earned $275 million during the quarter, compared to analyst estimates of $270.10 million. The business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.23) EPS. Equities analysts anticipate that Invacare Corp. will post ($0.95) EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Thursday, October 13th will be issued a $0.0125 dividend. The ex-dividend date is Tuesday, October 11th. This represents a $0.05 annualized dividend and a yield of 0.41%.
A hedge fund recently raised its stake in Invacare Corp. stock. BlackRock Advisors LLC increased its position in shares of Invacare Corp. (NYSE:IVC) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,244,925 shares of the company’s stock after buying an additional 44,925 shares during the period. BlackRock Advisors LLC owned 3.82% of Invacare Corp. worth $21,649,000 at the end of the most recent reporting period.
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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