Diversicare Healthcare Services (NASDAQ:DVCR) Shares Cross Below 50 Day Moving Average of $2.37

Diversicare Healthcare Services Inc (NASDAQ:DVCR)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.37 and traded as low as $1.71. Diversicare Healthcare Services shares last traded at $1.71, with a volume of 0 shares trading hands.

The stock has a 50-day simple moving average of $2.37 and a 200 day simple moving average of $2.74.

A hedge fund recently bought a new stake in Diversicare Healthcare Services stock. Vanguard Group Inc. bought a new stake in Diversicare Healthcare Services Inc (NASDAQ:DVCR) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 21,208 shares of the company’s stock, valued at approximately $79,000. Vanguard Group Inc. owned 0.32% of Diversicare Healthcare Services as of its most recent SEC filing. 16.54% of the stock is owned by 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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