The stock of AdCare Health Systems, Inc. (NYSEMKT:ADK) is a huge mover today! About 78,740 shares traded hands or 127.89% up from the average. AdCare Health Systems, Inc. (NYSEMKT:ADK) has risen 1.39% since March 2, 2016 and is uptrending. It has underperformed by 6.87% the S&P500.
The move comes after 8 months negative chart setup for the $42.05M company. It was reported on Oct, 5 by Barchart.com. We have $1.77 PT which if reached, will make NYSEMKT:ADK worth $5.89 million less.
Analysts await AdCare Health Systems, Inc. (NYSEMKT:ADK) to report earnings on November, 10.
According to Zacks Investment Research, “AdCare Health Systems, Inc. is a recognized innovator in senior living and health care facility management. AdCare owns and manages long-term care facilities and retirement communities, and since the company’s inception in 1988, its mission has been to provide the highest quality of healthcare services to the elderly, including a broad range of skilled nursing and sub-acute care services.”
More notable recent AdCare Health Systems, Inc. (NYSEMKT:ADK) news were published by: Marketwatch.com which released: “AdCare Health Systems Inc.” on November 11, 2010, also Prnewswire.com with their article: “AdCare Health Systems Reports Second Quarter 2016 Results” published on August 15, 2016, Seekingalpha.com published: “AdCare Health Systems’ (ADK) CEO Bill McBride on Q1 2016 Results – Earnings …” on May 17, 2016. More interesting news about AdCare Health Systems, Inc. (NYSEMKT:ADK) were released by: Seekingalpha.com and their article: “AdCare Health Systems’ (ADK) CEO Bill McBride on Q2 2016 Results – Earnings …” published on August 15, 2016 as well as Seekingalpha.com‘s news article titled: “AdCare Health Systems’ (ADK) CEO Bill McBride on Q4 2015 Results – Earnings …” with publication date: March 29, 2016.
ADK Company Profile
AdCare Health Systems, Inc., incorporated on August 14, 1991, through its subsidiaries, is a self-managed real estate investment firm that invests in real estate purposed for long-term care and senior living. The Company’s business principally consists of leasing and subleasing such facilities to third-party tenants, which operate the facilities. The Firm owns, leases, or manages for third parties approximately 40 facilities mainly in the Southeast. The Company’s portfolio consists of over 30 skilled nursing facilities, approximately two assisted living facilities and an independent living facility.
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