Stock News Recap: Quorum Health Corp (NYSE:QHC)
Shares of Quorum Health Corp (NYSE:QHC) ended Thursday session in green amid volatile trading. The shares closed up +0.06 points or 1.05% at $5.78 with 232,993 shares getting traded. Post opening the session at $5.71, the shares hit an intraday low of $5.67 and an intraday high of $5.87 and the price vacillated in this range throughout the day.
Market Cap/Outstanding Shares
The company has a market cap of $168.36 million and the number of outstanding shares have been calculated to be 29.49 million shares.
Performance weekly/monthly/quarterly/yearly in percentage (%)
The performance for the week is valued at -13.73%, resulting in a performance for the month at 45.23%. Therefore, the stated figure displays a quarterly performance of -6.62%.
EPS (Earning Per Share )
The EPS of QHC is strolling at -9.06, measuring its EPS growth this year at -82.90%. As a result, the company has an EPS growth of 72.70% for the approaching year.
Quorum Health Corp has a P/S value of 0.08, measuring P/B at 0.59. Its P/Cash is valued at 6.79.
Avg. true range is 0.42. Historically, the volatility of this stock is about 6.92% a week and 8.76% a month.
Quorum Health Corp (QHC) accomplished the divestiture of Sandhills Regional Medical Center in Hamlet, North Carolina, and its associated assets, to FirstHealth of the Carolinas, Inc. The effective date of the transaction is December 1, 2016.
Thomas D. Miller, Quorum Health’s president and chief executive officer stated, “We have accomplished our first divestiture in our strategy to optimize our portfolio to improve organizational performance and reduce debt while assuring the community in Hamlet has a local healthcare partner in FirstHealth. We anticipate closing our second declared divestiture by year end.”
Quorum Health Corporation is an operator and manager of general acute care hospitals and outpatient services in the United States. Through its associates, the Company owns or leases a diversified portfolio of 37 associated hospitals with an aggregate of over 3,500 licensed beds. The Company also operates Quorum Health Resources, LLC, a leading hospital administration advisory and consulting services business. Quorum Health began trading on the NYSE under ticker symbol “QHC” on May 2, 2016, after concluding its spin-off from Community Health Systems, Inc. (NYSE: CYH).