Addus HomeCare (PAL) Crumbles: Stock Drops 5.2%

Zacks

Addus HomeCare Corporation (ADUS) saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $21.39 to $24.69 in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as this stock in the Healthcare sector has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower 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 will continue, as the earnings picture definitely suggests that this might be the case.

Addus HomeCare currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some top-ranked stocks in the same space include Chemed Corp. (CHE), PharMerica Corporation (PMC) and Quest Diagnostics Inc. (DGX). While Chemed Corp. sports a Zacks Rank #1 (Strong Buy), PharMerica and Quest Diagnostics carries a Zacks Rank #2 (Buy).

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ADDUS HOMECARE CORP (ADUS): Free Stock Analysis Report

CHEMED CORP NEW (CHE): Free Stock Analysis Report

PHARMERICA CORP (PMC): Free Stock Analysis Report

QUEST DIAGNOSTICS INC (DGX): Free Stock Analysis Report


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