HC Stock Growth: Diversicare Healthcare Services Inc (NASDAQ:DVCR)
Shares of Diversicare Healthcare Services Inc (NASDAQ:DVCR) ended Monday session in green amid volatile trading. The shares closed up +0.39 points or 3.51% at $11.51 with 674 shares getting traded. Post opening the session at $11.11, the shares hit an intraday low of $11.04 and an intraday high of $11.94 and the price vacillated in this range throughout the day.
Market Cap/Outstanding Shares
The company has a market cap of $75.27 million and the number of outstanding shares have been calculated to be 6.36 million shares.
Performance weekly/monthly/quarterly/yearly in percentage (%)
The performance for the week is valued at 15.81%, resulting in a performance for the month at 6.70%. Therefore, the stated figure displays a quarterly performance of 56.38% and an annual performance of 37.11%.traded up 3.51% on 21 November, 2016 hitting $11.51.
Diversicare Healthcare Services Inc has a P/S value of 0.19, measuring P/B at 7.80. Its P/Cash is valued at 21.12.
Beta factor is stands at 0.40 and Avg. true range is 0.72. Historically, the volatility of this stock is about 6.39% a week and 5.91% a month.
Diversicare Healthcare Services Inc (DVCR) recently reached a contract with Golden Living to assume the operations of twelve facilities in Alabama formerly operated by Golden Living. The centers leased have an initial lease term of ten years, effective November 1, 2016. As formerly declared, the Company attained ten facilities on October 1, 2016 in Mississippi. The effect of these combined transactions is expected to contribute in excess of $185 million in annual revenues. With the completion of these acquisitions, the number of nursing centers operated by the Company is 76 with 8,453 licensed nursing beds.
Commenting on the acquisitions, Kelly Gill, the Company’s Chief Executive Officer, stated, “We are happy to declare the continuation of our partnership with Golden Living with the acquisition of the twelve centers in Alabama. This closing completes our formerly declared transaction and I am excited about our expanded presence in the state of Alabama and the successful execution from all team members involved in this transaction.” Mr. Gill concluded by saying, “This is a historic milestone in the growth of the Company. We continue to strive to be the quality leader as a front-runner in our industry.”