AdCare Health Systems Inc. (ADK) saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for ADK, as the stock is now down 11.8% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as AdCare Health Systems has seen 1 negative revision in the past few weeks and its current year loss consensus has widened over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump willcontinue, as the earnings picture definitely suggests that this might be the case.
ADK currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the healthcare sector include Envision Healthcare Holdings, Inc. (EVHC), Five Star Quality Care Inc. (FVE) and Kindred Healthcare Inc. (KND). While Envision Healthcare Holdings carries a Zacks Rank #1 (Strong Buy), Five Star Quality Care and Kindred Healthcare holds a Zacks Rank #2 (Buy).
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ADCARE HEALTH SYSTEMS INC (ADK): Free Stock Analysis Report
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