Diversicare Healthcare Services (NASDAQ:DVCR) Shares Cross Above 50-Day Moving Average of $3.39

Diversicare Healthcare Services Inc (NASDAQ:DVCR)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.39 and traded as high as $3.38. Diversicare Healthcare Services shares last traded at $3.17, with a volume of 3,100 shares trading hands.

The stock has a 50 day simple moving average of $3.38 and a 200-day simple moving average of $3.55.

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

An institutional investor recently raised its position in Diversicare Healthcare Services stock. Morgan Stanley grew its stake in shares of Diversicare Healthcare Services Inc (NASDAQ:DVCR) by 334.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,343 shares of the company’s stock after buying an additional 8,732 shares during the period. Morgan Stanley owned 0.17% of Diversicare Healthcare Services worth $42,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 16.60% of the company’s stock.

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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