HCA Holdings Inc (NYSE:HCA)’s shares plunged around 5% in after hours trading on Monday after the healthcare services provider declared squashy revenue views for the Q1, quoting a hold up in the growth rate of admissions and weakness in outpatient volumes.
The lower admission rates persist to be a reason of concern for healthcare providers. As previous Tuesday, smaller competitor HMA provided lackluster earnings as well as revenue views for the Q1, sending its stock dropped 11% in after-hours trade.
HCA Holdings declared in a statement that during the quarter, similar facility admissions increased a modest 0.1%, in contrast to a surge of 3.2% a year before. Similar facility equivalent admissions meanwhile dropped 0.7%, in contrast to a surge of 4.8% a year before.
Shares of HCA Holdings Inc (NYSE:HCA) traded at $36.72 by plunging -4.18% with price volatility of 3.85% for a week and 2.85% for a month plus price volatility’s Average True Range for 14 days was 1.12.
Stocks after opening at $38.06 hit high price of $38.50 and on last session stock held volume of 4.64 million shares which was unexpectedly higher than its average volume of 4.30 million shares.
Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.26 as current ratio. The Company had total cash at hand $760.00 million and a book value per share as -$21.80 in the most recent quarter.
While investors who viewing HCA against other stocks with the reference of profit margin that are Health Management Associates Inc (NYSE:HMA) having profit margin 3.38%, Tenet Healthcare Corp (NYSE:THC) with 2.29% profit margin, Universal Health Services, Inc. (NYSE:UHS) having 7.03% profit margin and SunLink Health Systems, Inc. (NYSE:SSY) having profit margin of 0.21%.
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