Invacare Corp. (IVC) Stock Price Up 3.2%
Invacare Corp. (NYSE:IVC) shares rose 3.2% during trading on Friday . The company traded as high as $12.19 and last traded at $12.17, with a volume of 76,420 shares changing hands. The stock had previously closed at $11.79.
Separately, Zacks Investment Research lowered Invacare Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, August 2nd.
The stock’s 50 day moving average price is $12.18 and its 200-day moving average price is $12.18. The firm’s market cap is $397.75 million.
Invacare Corp. (NYSE:IVC) last posted its earnings results on Thursday, July 28th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by $0.09. During the same period last year, the firm posted ($0.23) earnings per share. The business earned $275 million during the quarter, compared to analysts’ expectations of $270.10 million. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, equities research analysts forecast that Invacare Corp. will post ($0.95) earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Thursday, October 13th will be paid a $0.0125 dividend. The ex-dividend date is Tuesday, October 11th. This represents a $0.05 dividend on an annualized basis and a yield of 0.41%.
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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