Diversicare Healthcare Services (NASDAQ:DVCR) Stock Price Passes Below 200-Day Moving Average of $2.30

Diversicare Healthcare Services Inc (NASDAQ:DVCR)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.30 and traded as low as $2.26. Diversicare Healthcare Services shares last traded at $2.26, with a volume of 1,073 shares traded.

The firm’s 50-day simple moving average is $1.97 and its 200-day simple moving average is $2.29.

A hedge fund recently raised its stake in Diversicare Healthcare Services stock. Morgan Stanley raised its holdings in shares of Diversicare Healthcare Services Inc (NASDAQ:DVCR) by 334.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,343 shares of the company’s stock after buying an additional 8,732 shares during the period. Morgan Stanley owned about 0.17% of Diversicare Healthcare Services worth $42,000 at the end of the most recent reporting period. 16.54% of the stock is owned by hedge funds and other institutional investors.

About Diversicare Healthcare Services (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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