Diversicare Healthcare Services Inc. (DVCR) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the health care sector during morning trading on September 22. At the lunch break, shares of DVCR have clocked gains of 4.33% to $9.4 after closing the day prior at $9.01. In the first two and a half hours of trading, the stock has gone as high as $9.4 and as low as $9.03. Today’s rise has come with about 2,193 shares changing hands, compared to an average 30-day volume of 17,756 for Diversicare Healthcare Services Inc.. The price is currently below the 30-day volume weighted average price of $9.14 for DVCR.
The share appreciation gives the company a market capitalization of $57.32 million based upon 6.36 million shares outstanding. It also means that DVCR has a price-to-book ratio of 5.51:1.
In the past 52 weeks, shares of DVCR have traded as low as $6.41 and as high as $10.59. Technical traders will take note that at $9.4, shares of DVCR are trading above their 200-day MA at $8.15 and above their 50-day MA at $8.28. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is DVCR?
Diversicare Healthcare Services Inc provides long term care services to its nursing center patients. Its services include Short term rehabilitation, long term care, lighthouse memory care, Hospice care, Adult day care and respite care services. The company’s 6300 employees are led by CEO Kelly J. Gill from the corporate headquarters at 1621 Galleria Boulevard in Brentwood, TN.
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