Invacare Co. (NYSE:IVC) shares traded up 5.4% during mid-day trading on Tuesday . The company traded as high as $6.82 and last traded at $6.80. 533,548 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 800,204 shares. The stock had previously closed at $6.45.
A number of research analysts have recently issued reports on the company. ValuEngine downgraded Invacare from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Zacks Investment Research lowered Invacare from a “buy” rating to a “hold” rating in a research report on Wednesday, April 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of Invacare in a research report on Tuesday, April 9th.
The stock has a market cap of $217.78 million, a P/E ratio of -5.42 and a beta of 2.25. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.97 and a quick ratio of 1.29.
Invacare (NYSE:IVC) last issued its earnings results on Monday, May 6th. The health services provider reported ($0.32) EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.01. Invacare had a negative return on equity of 11.69% and a negative net margin of 4.56%. The business had revenue of $223.40 million during the quarter, compared to analyst estimates of $229.93 million. During the same period in the previous year, the company posted ($0.35) EPS. The firm’s revenue was down 5.8% compared to the same quarter last year. Equities analysts predict that Invacare Co. will post -0.96 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th were issued a dividend of $0.0125 per share. This represents a $0.05 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Wednesday, April 3rd. Invacare’s dividend payout ratio is currently -3.79%.
A number of institutional investors and hedge funds have recently modified their holdings of IVC. Elk Creek Partners LLC grew its holdings in shares of Invacare by 58.3% in the fourth quarter. Elk Creek Partners LLC now owns 3,103,908 shares of the health services provider’s stock valued at $13,347,000 after acquiring an additional 1,142,606 shares in the last quarter. Keeley Teton Advisors LLC grew its holdings in shares of Invacare by 103.7% in the first quarter. Keeley Teton Advisors LLC now owns 1,135,458 shares of the health services provider’s stock valued at $9,504,000 after acquiring an additional 578,003 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Invacare by 141.0% in the first quarter. Marshall Wace LLP now owns 973,474 shares of the health services provider’s stock valued at $8,149,000 after acquiring an additional 569,509 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Invacare by 279.0% in the first quarter. Renaissance Technologies LLC now owns 666,700 shares of the health services provider’s stock valued at $5,580,000 after acquiring an additional 490,800 shares in the last quarter. Finally, Royce & Associates LP grew its holdings in shares of Invacare by 27.9% in the fourth quarter. Royce & Associates LP now owns 2,224,931 shares of the health services provider’s stock valued at $9,567,000 after acquiring an additional 485,898 shares in the last quarter.
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About Invacare (NYSE:IVC)
Invacare Corporation, together with its subsidiaries, designs, manufactures, distributes, and exports medical equipment for use in home health care, retail, and extended care markets worldwide. The company operates through Europe, North America/Home Medical Equipment, Institutional Products Group, and the Asia/Pacific segments.
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