The stock of Diversicare Healthcare Services Inc (NASDAQ:DVCR) hit a new 52-week high and has $23.09 target or 115.00% above today’s $10.74 share price. The 7 months bullish chart indicates low risk for the $70.09 million company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $23.09 price target is reached, the company will be worth $80.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 14,621 shares traded hands. Diversicare Healthcare Services Inc (NASDAQ:DVCR) has risen 29.20% since February 29, 2016 and is uptrending. It has outperformed by 16.98% the S&P500.
Analysts await Diversicare Healthcare Services Inc (NASDAQ:DVCR) to report earnings on November, 3.
According to Zacks Investment Research, “Diversicare Healthcare Services Inc. provides long-term care services to nursing home patients primarily in the Southeast and Southwest United States through its subsidiary Diversicare Management Services Co. Its services include rehabilitation, complex medical care, long term care, lighthouse memory care, respite, hospice and adult day care, independent living. Diversicare Healthcare Services Inc., formerly known as Advocat Inc., is based in Brentwood, Tennessee.”
More notable recent Diversicare Healthcare Services Inc (NASDAQ:DVCR) news were published by: Twst.com which released: “Diversicare Healthcare Services Inc.: Diversicare Acquires 10 Facilities in …” on October 03, 2016, also Quotes.Wsj.com with their article: “News Diversicare Healthcare Services Inc.DVCR” published on March 20, 2013, Reuters.com published: “BRIEF-Diversicare Healthcare enters agreements to assume operations of 22 …” on August 15, 2016. More interesting news about Diversicare Healthcare Services Inc (NASDAQ:DVCR) were released by: Thestreet.com and their article: “Why Diversicare Healthcare (DVCR) Stock Is Falling Today” published on July 02, 2014 as well as Law360.com‘s news article titled: “Rehab Care Co. Destroyed Records In FCA Inquiry, DOJ Says” with publication date: May 11, 2016.
DVCR Company Profile
Diversicare Healthcare Services, Inc., incorporated on January 31, 1994, provides post-acute care services to nursing center patients and residents in approximately nine states, primarily in the Southeast and the Southwest United States. The Company’s services to patients and residents include skilled nursing, ancillary healthcare services and assisted living. In addition to the nursing, personal care and social services that are provided in long-term care centers, the Company offers a range of rehabilitative, nutritional, respiratory and other ancillary services. The Firm operates in Alabama, Florida, Indiana, Kansas, Kentucky, Missouri, Ohio, Tennessee and Texas.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.