Diversicare Healthcare Services (NASDAQ:DVCR) Stock Passes Below 200 Day Moving Average of $3.37

Diversicare Healthcare Services Inc (NASDAQ:DVCR) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.37 and traded as low as $1.71. Diversicare Healthcare Services shares last traded at $2.00, with a volume of 3,255 shares traded.

The company’s 50-day simple moving average is $2.65 and its two-hundred day simple moving average is $3.37.

Diversicare Healthcare Services (NASDAQ:DVCR) last released its quarterly earnings results on Monday, August 5th. The company reported ($3.30) earnings per share for the quarter. Diversicare Healthcare Services had a negative return on equity of 220.81% and a negative net margin of 6.34%. The business had revenue of $135.37 million during the quarter.

An institutional investor recently bought a new position in Diversicare Healthcare Services stock. Vanguard Group Inc. purchased a new position in Diversicare Healthcare Services Inc (NASDAQ:DVCR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 21,208 shares of the company’s stock, valued at approximately $79,000. Vanguard Group Inc. owned 0.32% of Diversicare Healthcare Services at the end of the most recent quarter. 16.54% of the stock is owned by hedge funds and other institutional investors.

Diversicare Healthcare Services Company Profile (NASDAQ:DVCR)

Diversicare Healthcare Services, Inc provides post-acute care services to skilled nursing center, patients, and residents primarily in the Southeast, Midwest, and Southwest United States. The company offers skilled nursing health care services, including nutrition, recreational therapy, social, housekeeping, and laundry services; the delivery of ancillary medical services at the nursing centers; rehabilitation therapy services, such as audiology, speech, occupational, and physical therapies; and medical supplies, nutritional support, infusion therapies, and related clinical services.

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