The stock of iKang Healthcare Group Inc (ADR) (NASDAQ:KANG) is a huge mover today! The stock decreased 2.82% or $0.53 on September 30, hitting $18.08. About 182,566 shares traded hands or 20.89% up from the average. iKang Healthcare Group Inc (ADR) (NASDAQ:KANG) has declined 13.05% since February 29, 2016 and is downtrending. It has underperformed by 23.48% the S&P500.
The move comes after 6 months negative chart setup for the $1.21B company. It was reported on Oct, 1 by Barchart.com. We have $17.00 PT which if reached, will make NASDAQ:KANG worth $72.60M less.
According to Zacks Investment Research, “iKang Healthcare Group, Inc. is engaged in providing preventive healthcare solutions in the People’s Republic of China. It offers medical examination, screening and other services. The Company primarily serves corporate and individual customers. It provides its services through self-owned medical centers and the facilities of third-party service providers. iKang Healthcare Group, Inc. is headquartered in Beijing, the People’s Republic of China.”
More notable recent iKang Healthcare Group Inc (ADR) (NASDAQ:KANG) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on April 06, 2014, also Bidnessetc.com with their article: “IKang Healthcare Surges on Improved Acquisition Offer” published on January 06, 2016, Investorplace.com published: “3 Health Care Providers & Services Stocks to Buy Now” on August 02, 2016. More interesting news about iKang Healthcare Group Inc (ADR) (NASDAQ:KANG) were released by: Barrons.com and their article: “iKang’s Vital Signs Strong in China’s Testing Boom” published on December 04, 2014 as well as Investorplace.com‘s news article titled: “7 Health Care Providers & Services Stocks to Buy Now” with publication date: July 12, 2016.
KANG Company Profile
iKang Healthcare Group, Inc., incorporated on May 25, 2011, provides preventive healthcare solutions, including a range of medical examinations services and value-added services, including disease screening, dental services and other services in China. The Firm operates through two divisions: medical examinations and other medical services, and dental services. As of March 31, 2016, its network across the nation consisted of 86 self-owned medical centers, and its self-owned medical center network covered 25 cities in China, such as Beijing, Shanghai, Guangzhou, Shenzhen, Chongqing, Tianjin, Nanjing, Suzhou, Hangzhou, Chengdu, Fuzhou, Changchun, Jiangyin, Changzhou, Shenyang, Changsha, Wuhan, Yinchuan, Yantai, Weihai, Weifang, Foshan, Xi’an, Wuhu and Guiyang, as well as Hong Kong. The Company’s network across the nation offers a range of medical examination services and provides a one-stop solution to its corporate customers.
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